Martinrea International (TSE:MRE) Sets New 12-Month Low - Should You Sell?

Martinrea International Inc. (TSE:MRE - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$9.20 and last traded at C$9.43, with a volume of 56365 shares changing hands. The stock had previously closed at C$9.72.

Wall Street Analysts Forecast Growth

MRE has been the subject of several recent research reports. CIBC dropped their price objective on Martinrea International from C$17.00 to C$14.50 in a report on Thursday, November 14th. BMO Capital Markets downgraded shares of Martinrea International from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from C$13.00 to C$11.00 in a research note on Monday. Finally, TD Securities reduced their price objective on shares of Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$14.20.

Martinrea International Trading Down 5.3 %

The company has a market capitalization of C$688.25 million, a P/E ratio of 5.08, a PEG ratio of 0.82 and a beta of 2.08. The business has a 50 day moving average price of C$10.60 and a 200 day moving average price of C$11.13. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13.

Insider Activity at Martinrea International

In other Martinrea International news, Director Robert Peter Edward Wildeboer purchased 7,000 shares of the stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of C$10.02 per share, for a total transaction of C$70,140.00. Corporate 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.