Hany Morsy Purchases 4,400 Shares of Martinrea International (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) insider Hany Morsy bought 4,400 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of C$10.56 per share, with a total value of C$46,464.00. Following the completion of the purchase, the insider directly owned 9,000 shares of the company’s stock, valued at approximately C$95,040. This trade represents a 95.65% increase in their position.

Martinrea International Price Performance

Shares of MRE stock opened at C$10.22 on Thursday. The company has a market capitalization of C$724.54 million, a PE ratio of 6.31, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. The firm has a fifty day simple moving average of C$10.33 and a 200-day simple moving average of C$10.18. The company has a current ratio of 1.27, a quick ratio of 0.68 and a debt-to-equity ratio of 77.11. Martinrea International Inc. has a twelve month low of C$8.16 and a twelve month high of C$11.72.

Martinrea International (TSE:MRE) last announced its earnings results on Thursday, April 30th. The company reported C$0.45 earnings per share 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%. Equities research analysts anticipate that Martinrea International Inc. will post 2.4988962 earnings per share for the current fiscal year.

Martinrea International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 2.0%. Martinrea International’s dividend payout ratio is currently 12.35%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BMO Capital Markets reduced their price target on Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating for the company in a report on Friday, March 6th. TD Securities increased their price target on Martinrea International from C$14.00 to C$15.00 and gave the company a “buy” rating in a report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Martinrea International currently has a consensus rating of “Moderate Buy” and an average price target of C$12.83.

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.