Martinrea International (TSE:MRE) Shares Pass Above 200 Day Moving Average – Should You Sell?

Martinrea International Inc. (TSE:MRE)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.18 and traded as high as C$11.19. Martinrea International shares last traded at C$10.91, with a volume of 69,720 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Securities lifted their price target on 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 cut their price target on 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.83.

Martinrea International Price Performance

The stock has a market capitalization of C$738.72 million, a P/E ratio of 6.43, a PEG ratio of 0.82 and a beta of 1.82. The company has a current ratio of 1.27, a quick ratio of 0.68 and a debt-to-equity ratio of 77.11. The company has a fifty day simple moving average of C$10.25 and a two-hundred day simple moving average of C$10.18.

Martinrea International (TSE:MRE) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.45 earnings per share for the quarter. The firm had revenue of C$1.13 billion during the quarter. Martinrea International had a return on equity of 7.74% and a net margin of 2.46%. Sell-side analysts expect that Martinrea International Inc. will post 2.4988962 EPS for the current fiscal year.

Martinrea International Announces Dividend

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

Insider Activity

In related news, insider Francesco Barbara bought 12,333 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was bought at an average cost of C$8.95 per share, for a total transaction of C$110,380.35. Following the transaction, the insider owned 54,119 shares of the company’s stock, valued at C$484,365.05. This represents a 29.51% increase in their ownership of the stock. Also, insider Peter Cirulis bought 5,275 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were bought at an average price 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 in the company, valued at approximately C$1,408,212.75. This trade represents a 4.06% increase in their position. Insiders have acquired a total of 18,704 shares of company stock valued at $175,320 over the last three months. Company insiders own 11.31% of the company’s stock.

Martinrea International Company Profile

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.