Martinrea International (TSE:MRE) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Martinrea International Inc. (TSE:MRE) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.07 and traded as high as C$10.75. Martinrea International shares last traded at C$10.61, with a volume of 99,684 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on MRE shares. TD Securities boosted their price objective on shares of Martinrea International from C$14.00 to C$15.00 and gave the company a “buy” rating in a report on Friday, March 6th. BMO Capital Markets decreased their price objective on shares of 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. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Martinrea International has an average rating of “Moderate Buy” and a consensus target price of C$12.83.

Martinrea International Price Performance

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 company has a 50-day moving average of C$9.65 and a 200-day moving average of C$10.08. The firm has a market capitalization of C$735.17 million, a price-to-earnings ratio of 6.40, a price-to-earnings-growth ratio of 0.82 and a beta of 1.93.

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. Martinrea International had a return on equity of 7.74% and a net margin of 2.46%.The business had revenue of C$1.13 billion during the quarter. As a group, research analysts anticipate that Martinrea International Inc. will post 2.4988962 EPS for the current fiscal year.

Martinrea International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. Martinrea International’s payout ratio is currently 12.35%.

Insider Activity at Martinrea International

In other news, insider Peter Cirulis acquired 5,275 shares of Martinrea International stock in a transaction dated Tuesday, May 5th. The stock was bought at an average cost of C$10.41 per share, with a total value 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 approximately 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 Martinrea International stock in a transaction dated Thursday, March 19th. The shares were purchased at an average cost of C$8.95 per share, with a total value of C$110,380.35. Following the completion of the transaction, the insider directly owned 54,119 shares of the company’s stock, valued at C$484,365.05. This trade represents a 29.51% increase in their ownership of the stock. Insiders purchased a total of 18,704 shares of company stock valued at $175,320 over the last quarter. 11.31% of the stock is owned by 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.