Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH's stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$49.09 and last traded at C$49.12, with a volume of 84198 shares traded. The stock had previously closed at C$50.46.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on MX. Cibc World Mkts raised Methanex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Scotiabank downgraded shares of Methanex from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".
Read Our Latest Research Report on MX
Methanex Price Performance
The company has a current ratio of 1.34, a quick ratio of 1.59 and a debt-to-equity ratio of 148.53. The firm has a 50 day moving average of C$60.87 and a two-hundred day moving average of C$62.13. The company has a market cap of C$1.95 billion, a PE ratio of 12.85, a P/E/G ratio of 0.44 and a beta of 1.79.
Insider Activity at Methanex
In other Methanex news, Senior Officer Kevin Maloney acquired 1,400 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of C$53.55 per share, with a total value of C$74,969.02. Also, Director Karine Delbarre acquired 1,081 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of C$53.07 per share, with a total value of C$57,368.72. 0.35% of the stock is currently owned by insiders.
About Methanex
(
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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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