Kyung Wan (Fred) Lee Sells 7,975 Shares of Methanex (TSE:MX) Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider Kyung Wan (Fred) Lee sold 7,975 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$88.02, for a total value of C$701,959.50. Following the completion of the sale, the insider directly owned 5,025 shares of the company’s stock, valued at approximately C$442,300.50. This trade represents a 61.35% decrease in their position.

Methanex Price Performance

Shares of TSE:MX traded down C$2.36 on Thursday, reaching C$84.56. 93,174 shares of the company were exchanged, compared to its average volume of 318,220. The company has a 50-day moving average of C$83.54 and a 200-day moving average of C$69.35. The company has a current ratio of 1.96, a quick ratio of 1.59 and a debt-to-equity ratio of 143.44. The firm has a market cap of C$6.54 billion, a price-to-earnings ratio of -115.84, a price-to-earnings-growth ratio of 0.44 and a beta of 0.65. Methanex Co. has a 1-year low of C$44.57 and a 1-year high of C$92.97.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its quarterly earnings data on Thursday, March 5th. The company reported C($0.19) EPS for the quarter. Methanex had a negative return on equity of 1.84% and a negative net margin of 1.26%.The company had revenue of C$1.28 billion for the quarter. Equities analysts forecast that Methanex Co. will post 5.9482927 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce cut Methanex from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Royal Bank Of Canada cut Methanex from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$50.00.

About Methanex

Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.