Methanex (TSE:MX) Reaches New 1-Year Low - Should You Sell?

Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH's share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$37.30 and last traded at C$37.86, with a volume of 33147 shares changing hands. The stock had previously closed at C$40.88.

Analysts Set New Price Targets

Separately, 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Methanex currently has a consensus rating of "Buy".

Methanex Stock Up 0.7 %

The company has a market cap of C$1.77 billion, a P/E ratio of 11.65, 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 current ratio of 1.34 and a quick ratio of 1.59. The company's 50-day moving average is C$55.95 and its two-hundred day moving average is C$61.29.

Insider Buying and Selling at Methanex

In related news, Director Karine Delbarre acquired 1,081 shares of Methanex stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of C$53.07 per share, for a total transaction of C$57,368.72. Also, Senior Officer Kevin Maloney purchased 1,400 shares of Methanex stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of C$53.55 per share, for a total transaction of C$74,969.02. 0.35% of the stock is owned by corporate insiders.

About Methanex

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.