Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$62.04 and traded as high as C$72.00. Methanex shares last traded at C$71.83, with a volume of 90,554 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on MX shares. Tudor Pickering raised Methanex to a "strong-buy" rating in a research report on Wednesday, September 11th. Barclays downgraded Methanex from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 10th. Finally, Cibc World Mkts upgraded shares of Methanex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th.
Check Out Our Latest Stock Analysis on Methanex
Methanex Stock Performance
The firm has a fifty day moving average of C$63.39 and a 200-day moving average of C$62.05. The company has a quick ratio of 1.59, a current ratio of 1.25 and a debt-to-equity ratio of 131.58. The stock has a market capitalization of C$4.81 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 0.44 and a beta of 1.79.
Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last announced its earnings results 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. The company had revenue of C$1.28 billion during the quarter, compared to analysts' expectations of C$1.26 billion. Methanex had a net margin of 4.06% and a return on equity of 10.21%. As a group, sell-side analysts anticipate that Methanex Co. will post 5.9482927 EPS for the current year.
Insider Activity
In related news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of the 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. Company insiders own 0.35% of the company's stock.
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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