Martinrea International Inc. (TSE:MRE - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as C$7.61 and last traded at C$7.95, with a volume of 335373 shares traded. The stock had previously closed at C$7.91.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. TD Securities cut 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 research report on Friday. Cibc World Mkts lowered Martinrea International from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Raymond James decreased their price objective on Martinrea International from C$17.50 to C$14.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. BMO Capital Markets cut Martinrea International from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from C$13.00 to C$11.00 in a research report on Monday, December 16th. Finally, CIBC lowered shares of Martinrea International from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from C$14.00 to C$9.00 in a report on Wednesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Martinrea International has an average rating of "Hold" and a consensus price target of C$12.10.
Check Out Our Latest Analysis on MRE
Martinrea International Stock Down 1.9 %
The firm has a market capitalization of C$577.57 million, a PE ratio of 5.79, a P/E/G ratio of 0.82 and a beta of 2.08. The company has a debt-to-equity ratio of 80.32, a current ratio of 1.23 and a quick ratio of 0.68. The company has a 50-day moving average price of C$8.63 and a 200 day moving average price of C$9.98.
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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