Martinrea International Inc. (TSE:MRE - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as C$8.68 and last traded at C$8.76, with a volume of 30620 shares traded. The stock had previously closed at C$8.87.
Analysts Set New Price Targets
MRE has been the subject of a number of recent analyst reports. CIBC cut their price objective on Martinrea International from C$17.00 to C$14.50 in a research report on Thursday, November 14th. TD Securities lowered their target price on shares of Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets downgraded shares of Martinrea International from an "outperform" rating to a "market perform" rating and reduced their price target for the company from C$13.00 to C$11.00 in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$14.20.
Get Our Latest Research Report on Martinrea International
Martinrea International Price Performance
The company's 50-day simple moving average is C$9.85 and its 200-day simple moving average is C$10.80. The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25. The company has a market capitalization of C$652.34 million, a PE ratio of 4.82, a P/E/G ratio of 0.82 and a beta of 2.08.
Insider Buying and Selling
In related news, Director Robert Peter Edward Wildeboer bought 7,000 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of C$10.02 per share, for a total transaction of C$70,140.00. 11.31% of the stock is currently owned by corporate insiders.
About Martinrea International
(
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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.
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