Martinrea International (TSE:MRE) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Martinrea International Inc. (TSE:MRE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.21 and traded as high as C$10.43. Martinrea International shares last traded at C$10.05, with a volume of 166,665 shares changing hands.

Analyst Ratings Changes

Separately, TD raised their price objective on shares of Martinrea International from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$13.83.

Martinrea International Stock Performance

The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 71.37. The stock has a fifty day moving average price of C$10.30 and a two-hundred day moving average price of C$10.21. The company has a market capitalization of C$713.05 million, a price-to-earnings ratio of 5.96, a PEG ratio of 0.82 and a beta of 1.81.

Martinrea International (TSE:MRE) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.61 EPS for the quarter. The business had revenue of C$1.20 billion for the quarter. Martinrea International had a return on equity of 7.89% and a net margin of 2.60%. As a group, analysts forecast that Martinrea International Inc. will post 2.4988962 EPS for the current fiscal year.

Insider Transactions at Martinrea International

In other news, insider Hany Morsy purchased 4,400 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were bought at an average cost of C$10.56 per share, with a total value of C$46,464.00. Following 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 ownership of the stock. Company insiders own 11.31% of the company’s stock.

Martinrea International Company Profile

Martinrea International Inc is a leader in the development and production of quality metal parts, assemblies and modules, fluid management systems, and complex aluminum products focused primarily on the automotive sector. Martinrea currently operates in 56 locations in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain, China, South Africa, and Japan. Martinrea’s vision is making lives better by being the best supplier we can be in the products we make and the services we provide.