Insider Selling: Methanex Co. (TSE:MX) Senior Officer Sells C$504,818.52 in Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Senior Officer Priscilla Fuchslocher sold 7,720 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$65.39, for a total transaction of C$504,818.52.

Methanex Trading Up 0.0 %

Shares of TSE MX opened at C$66.09 on Friday. Methanex Co. has a fifty-two week low of C$49.21 and a fifty-two week high of C$74.25. The company has a debt-to-equity ratio of 131.58, a quick ratio of 1.59 and a current ratio of 1.25. The company has a market cap of C$4.45 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 0.44 and a beta of 1.79. The business’s 50 day moving average price is C$60.81 and its 200-day moving average price is C$62.07.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.65 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.60 by C$1.05. Methanex had a net margin of 4.06% and a return on equity of 10.21%. The company had revenue of C$1.28 billion during the quarter, compared to analyst estimates of C$1.26 billion. On average, sell-side analysts expect that Methanex Co. will post 5.9482927 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Cibc World Mkts raised Methanex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Tudor Pickering upgraded shares of Methanex to a “strong-buy” rating in a research report on Wednesday, September 11th. Finally, Barclays lowered shares of Methanex from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th.

About Methanex

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.