Martinrea International (TSE:MRE) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Martinrea International Inc. (TSE:MRE) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.18 and traded as high as C$11.19. Martinrea International shares last traded at C$10.91, with a volume of 69,720 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MRE. TD Securities raised their price target on shares of Martinrea International from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Friday, March 6th. BMO Capital Markets reduced their price target on shares of Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating on the stock in a research note on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$12.83.

Martinrea International Trading Down 1.2%

The business’s fifty day moving average is C$10.21 and its 200-day moving average is C$10.18. The firm has a market cap of C$773.45 million, a P/E ratio of 6.73, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. The company has a debt-to-equity ratio of 77.11, a quick ratio of 0.68 and a current ratio of 1.27.

Martinrea International (TSE:MRE) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$0.45 earnings per share (EPS) for the quarter. The business had revenue of C$1.13 billion during the quarter. Martinrea International had a net margin of 2.46% and a return on equity of 7.74%. Analysts predict that Martinrea International Inc. will post 2.4988962 EPS for the current year.

Martinrea International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, March 31st. Martinrea International’s dividend payout ratio (DPR) is 12.35%.

Insider Buying and Selling

In other Martinrea International news, insider Peter Cirulis acquired 5,275 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average price of C$10.41 per share, for a total transaction of C$54,912.75. Following the acquisition, the insider directly owned 135,275 shares in the company, valued at C$1,408,212.75. This represents a 4.06% increase in their ownership of the stock. Also, insider Francesco Barbara acquired 12,333 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average price of C$8.95 per share, with a total value of C$110,380.35. Following the acquisition, the insider owned 54,119 shares in the company, valued at C$484,365.05. The trade was a 29.51% increase in their ownership of the stock. In the last quarter, insiders purchased 18,704 shares of company stock valued at $175,320. 11.31% of the stock is owned by company insiders.

Martinrea International Company Profile

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.