Martinrea International (TSE:MRE) Shares Pass Above 200-Day Moving Average – Time to Sell?

Martinrea International Inc. (TSE:MRE)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.17 and traded as high as C$11.03. Martinrea International shares last traded at C$10.89, with a volume of 76,445 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD raised their target price on shares of Martinrea International from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Three 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 presently has an average rating of “Moderate Buy” and a consensus price target of C$13.62.

Martinrea International Stock Down 0.4%

The firm has a market capitalization of C$754.66 million, a P/E ratio of 6.26, a P/E/G ratio of 0.82 and a beta of 1.81. The company has a fifty day simple moving average of C$10.29 and a 200 day simple moving average of C$10.18. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 71.37.

Martinrea International (TSE:MRE) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$0.61 EPS for the quarter. Martinrea International had a net margin of 2.60% and a return on equity of 7.89%. The company had revenue of C$1.20 billion for the quarter. On average, equities analysts expect that Martinrea International Inc. will post 2.4988962 EPS for the current fiscal year.

Insider Activity

In other Martinrea International news, insider Hany Morsy acquired 4,400 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average cost of C$10.56 per share, with a total value of C$46,464.00. Following the completion of the transaction, the insider directly owned 9,000 shares of the company’s stock, valued at approximately C$95,040. This represents a 95.65% increase in their position. 11.31% of the stock is currently owned by insiders.

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.