Martinrea International (TSE:MRE) Share Price Crosses Above Two Hundred Day Moving Average of $10.70

Shares of Martinrea International Inc (TSE:MRE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.70 and traded as high as $12.52. Martinrea International shares last traded at $12.39, with a volume of 161,464 shares trading hands.

MRE has been the subject of several analyst reports. CIBC lowered their price target on shares of Martinrea International from C$17.00 to C$16.00 in a report on Wednesday, November 13th. TD Securities cut shares of Martinrea International from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$15.00 to C$14.00 in a report on Wednesday, November 13th. Finally, Scotiabank boosted their price target on shares of Martinrea International from C$17.50 to C$19.00 in a report on Wednesday, November 27th.

The company has a current ratio of 1.42, a quick ratio of 0.88 and a debt-to-equity ratio of 83.59. The company has a market cap of $1.01 billion and a price-to-earnings ratio of 6.15. The firm’s fifty day simple moving average is C$11.42 and its 200 day simple moving average is C$10.71.

In related news, Senior Officer Ganesh Koduvayur Venkatasubramanian Kesavan Iyer acquired 2,200 shares of Martinrea International stock in a transaction dated Tuesday, September 17th. The stock was acquired at an average price of C$11.51 per share, for a total transaction of C$25,322.88. Following the transaction, the insider now owns 12,850 shares of the company’s stock, valued at C$147,908.64.

About Martinrea International (TSE:MRE)

Martinrea International Inc designs, engineers, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. The company offers aluminum products, including engine blocks, oil pans, cam carriers, camshaft and transmission housings, sub frames, knuckles, control arms, longitudinal and cross members, shock towers, components for electric vehicles, fabrication and modules, and aluminum plates and coils.

See Also: Retained Earnings

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