Peter Cirulis Purchases 5,000 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE - Get Free Report) Senior Officer Peter Cirulis acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average price of C$7.39 per share, with a total value of C$36,965.50.

Martinrea International Stock Up 4.2 %

Shares of Martinrea International stock traded up C$0.31 during trading on Monday, reaching C$7.72. 70,654 shares of the company traded hands, compared to its average volume of 142,215. The firm has a market capitalization of C$573.85 million, a PE ratio of 5.75, a P/E/G ratio of 0.82 and a beta of 2.08. Martinrea International Inc. has a 1-year low of C$7.28 and a 1-year high of C$12.65. The company has a 50 day moving average price of C$8.35 and a 200-day moving average price of C$9.74. The company has a debt-to-equity ratio of 80.32, a current ratio of 1.23 and a quick ratio of 0.68.

Analyst Upgrades and Downgrades

MRE has been the topic of a number of recent analyst reports. TD Securities cut their price objective on Martinrea International from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Raymond James reduced their price objective on shares of Martinrea International from C$17.50 to C$14.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. BMO Capital Markets lowered shares of Martinrea International from an "outperform" rating to a "market perform" rating and dropped their target price for the company from C$13.00 to C$11.00 in a report on Monday, December 16th. CIBC cut shares of Martinrea International from an "outperform" rating to a "neutral" rating and cut their price target for the company from C$14.00 to C$9.00 in a research report on Wednesday, March 5th. Finally, Cibc World Mkts lowered Martinrea International from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of C$12.10.

About Martinrea International

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.