Martinrea International Inc. (TSE:MRE - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as C$7.93 and last traded at C$7.97, with a volume of 89110 shares. The stock had previously closed at C$8.21.
Analysts Set New Price Targets
A number of research firms recently issued reports on MRE. BMO Capital Markets cut shares of Martinrea International from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from C$13.00 to C$11.00 in a research report on Monday, December 16th. CIBC dropped their target price on shares of Martinrea International from C$14.75 to C$14.00 in a report on Monday, February 10th. TD Securities cut their price target on Martinrea International from C$18.00 to C$13.00 in a report on Wednesday, November 13th. Finally, Raymond James dropped their target price on shares of Martinrea International from C$17.50 to C$14.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th.
Get Our Latest Stock Report on Martinrea International
Martinrea International Stock Performance
The stock has a market cap of C$587.97 million, a price-to-earnings ratio of 5.89, a P/E/G ratio of 0.82 and a beta of 2.08. The company's fifty day simple moving average is C$8.73 and its two-hundred day simple moving average is C$10.05. The company has a debt-to-equity ratio of 80.32, a current ratio of 1.23 and a quick ratio of 0.68.
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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