Insider Buying: Methanex Co. (TSE:MX) Senior Officer Buys 1,400 Shares of Stock

Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH Senior Officer Kevin Maloney purchased 1,400 shares of Methanex stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of C$53.55 per share, with a total value of C$74,969.02.

Methanex Stock Performance

Shares of TSE:MX traded up C$1.10 on Friday, reaching C$54.21. 124,180 shares of the company's stock were exchanged, compared to its average volume of 166,180. The company has a current ratio of 1.34, a quick ratio of 1.59 and a debt-to-equity ratio of 148.53. Methanex Co. has a twelve month low of C$49.21 and a twelve month high of C$78.18. The company has a fifty day moving average of C$67.04 and a 200-day moving average of C$62.87. The company has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 0.44 and a beta of 1.79.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MX shares. Cibc World Mkts upgraded shares of Methanex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Scotiabank downgraded Methanex from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th. Two analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy".

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.