Insider Buying: Methanex Co. (TSE:MX) Director Acquires 1,081 Shares of Stock

Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH Director Karine Delbarre acquired 1,081 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of C$53.07 per share, with a total value of C$57,368.72.

Methanex Trading Up 2.1 %

Shares of TSE:MX traded up C$1.10 during trading on Friday, reaching C$54.21. The stock had a trading volume of 124,180 shares, compared to its average volume of 166,180. The firm's fifty day moving average is C$67.04 and its 200 day moving average is C$62.87. Methanex Co. has a 52 week low of C$49.21 and a 52 week high of C$78.18. The stock has a market cap of C$2.58 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 0.44 and a beta of 1.79. The company has a debt-to-equity ratio of 148.53, a quick ratio of 1.59 and a current ratio of 1.34.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MX shares. Scotiabank cut Methanex from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th. Cibc World Mkts upgraded shares of Methanex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Methanex currently has a consensus rating of "Buy".

Remove Ads

Methanex Company Profile

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.