Martinrea International Inc. (TSE:MRE - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as C$7.28 and last traded at C$7.48, with a volume of 125254 shares traded. The stock had previously closed at C$7.37.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. CIBC downgraded shares of Martinrea International from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from C$14.00 to C$9.00 in a research report on Wednesday, March 5th. TD Securities dropped their price objective on shares of Martinrea International from C$13.00 to C$12.00 and set a "buy" rating on the stock in a report on Friday, March 7th. BMO Capital Markets downgraded shares of Martinrea International from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from C$13.00 to C$11.00 in a report on Monday, December 16th. Cibc World Mkts downgraded shares of Martinrea International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Raymond James dropped 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 report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$12.10.
Check Out Our Latest Analysis on MRE
Martinrea International Stock Performance
The company has a debt-to-equity ratio of 80.32, a quick ratio of 0.68 and a current ratio of 1.23. The firm's 50 day moving average is C$8.35 and its 200-day moving average is C$9.76. The stock has a market capitalization of C$550.81 million, a price-to-earnings ratio of 5.52, a PEG ratio of 0.82 and a beta of 2.08.
Insider Activity at Martinrea International
In related news, Senior Officer Peter Cirulis acquired 5,000 shares of Martinrea International stock in a transaction on Thursday, March 20th. The stock was bought at an average cost of C$7.39 per share, for a total transaction of C$36,965.50. Company insiders own 11.31% of the company's stock.
Martinrea International Company Profile
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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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