Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH hit a new 52-week high on Wednesday . The stock traded as high as C$78.18 and last traded at C$76.75, with a volume of 169228 shares changing hands. The stock had previously closed at C$75.90.
Analyst Upgrades and Downgrades
Separately, Cibc World Mkts raised shares of Methanex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th.
Check Out Our Latest Research Report on MX
Methanex Stock Performance
The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58. The company has a market cap of C$4.87 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79. The company has a 50 day moving average price of C$70.24 and a 200-day moving average price of C$62.99.
Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.60 by C$1.05. Methanex had a net margin of 4.06% and a return on equity of 10.21%. The business had revenue of C$1.28 billion during the quarter, compared to analysts' expectations of C$1.26 billion. On average, equities analysts expect that Methanex Co. will post 5.9482927 earnings per share for the current fiscal year.
Insider Activity at Methanex
In other news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$65.39, for a total transaction of C$504,818.52. 0.35% of the stock is owned by company insiders.
Methanex Company Profile
(
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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.
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