Martinrea International (TSE:MRE) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

by · The Markets Daily

Martinrea International Inc. (TSE:MRE – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.73 and traded as high as C$10.37. Martinrea International shares last traded at C$10.30, with a volume of 9,091 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets boosted their price target on Martinrea International from C$9.00 to C$11.00 in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$12.50.

Get Our Latest Stock Analysis on MRE

Martinrea International Price Performance

The stock has a market capitalization of C$749.72 million, a PE ratio of -20.20, a PEG ratio of 0.82 and a beta of 1.65. The firm’s fifty day moving average price is C$10.21 and its two-hundred day moving average price is C$9.73. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 80.32.

Martinrea International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, September 29th. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. Martinrea International’s payout ratio is currently -39.22%.

Martinrea International Company Profile

(Get Free Report)

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.

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