Martinrea International Inc. (TSE:MRE - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as C$6.76 and last traded at C$6.87, with a volume of 30454 shares trading hands. The stock had previously closed at C$7.11.
Analyst Ratings Changes
A number of brokerages have commented on MRE. Raymond James cut their price target on shares of Martinrea International from C$17.50 to C$14.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. TD Securities dropped their price objective on shares of Martinrea International from C$13.00 to C$12.00 and set a "buy" rating for the company in a report on Friday, March 7th. CIBC cut Martinrea International from an "outperform" rating to a "neutral" rating and dropped their price target for the company from C$14.00 to C$9.00 in a report on Wednesday, March 5th. Cibc World Mkts lowered Martinrea International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, BMO Capital Markets cut Martinrea International from an "outperform" rating to a "market perform" rating and cut their price target for the company from C$13.00 to C$11.00 in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of C$12.10.
View Our Latest Analysis on Martinrea International
Martinrea International Stock Performance
The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 80.32. The stock has a market cap of C$493.57 million, a P/E ratio of 4.95, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The stock has a 50 day simple moving average of C$7.86 and a 200 day simple moving average of C$9.36.
Insider Buying and Selling
In related news, Senior Officer Francesco Barbara acquired 13,300 shares of the company's stock in a transaction on Wednesday, March 26th. The shares were acquired at an average cost of C$7.90 per share, for a total transaction of C$105,070.00. Also, Senior Officer Peter Cirulis bought 5,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were acquired at an average cost of C$7.39 per share, with a total value of C$36,965.50. Insiders have acquired a total of 44,500 shares of company stock worth $343,408 in the last ninety days. Company insiders own 11.31% of the company's stock.
Martinrea International Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Martinrea International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Martinrea International wasn't on the list.
While Martinrea International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
