Martinrea International (TSE:MRE) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Martinrea International Inc. (TSE:MRE)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$10.16 and traded as high as C$10.18. Martinrea International shares last traded at C$10.03, with a volume of 30,037 shares.

Martinrea International Trading Down 0.6%

The stock has a 50-day simple moving average of C$10.47 and a two-hundred day simple moving average of C$10.15. The company has a debt-to-equity ratio of 77.11, a quick ratio of 0.68 and a current ratio of 1.27. The firm has a market cap of C$714.61 million, a PE ratio of 6.22, a price-to-earnings-growth ratio of 0.82 and a beta of 1.83.

Martinrea International (TSE:MRE) last released its quarterly earnings data on Thursday, April 30th. The company reported C$0.45 earnings per share for the quarter. The firm 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%. As a group, sell-side analysts anticipate that Martinrea International Inc. will post 2.4988962 EPS for the current year.

Insider Activity at Martinrea International

In other Martinrea International news, insider Hany Morsy purchased 4,400 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average price of C$10.56 per share, for a total transaction of C$46,464.00. Following the purchase, the insider directly owned 9,000 shares of the company’s stock, valued at C$95,040. The trade was a 95.65% increase in their position. Also, insider Peter Cirulis bought 5,275 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average price of C$10.41 per share, for a total transaction of C$54,912.75. Following the completion of the transaction, the insider directly owned 135,275 shares of the company’s stock, valued at C$1,408,212.75. This represents a 4.06% increase in their position. 11.31% of the stock is currently owned by company insiders.

About Martinrea International

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.