Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH's share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$63.02 and traded as high as C$68.92. Methanex shares last traded at C$66.86, with a volume of 205,747 shares.
Analysts Set New Price Targets
Separately, Cibc World Mkts raised Methanex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th.
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Methanex Stock Down 1.1 %
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 has a market capitalization of C$3.11 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 0.44 and a beta of 1.79. The firm has a 50-day moving average price of C$70.34 and a two-hundred day moving average price of C$62.99.
Insider Buying and Selling
In related news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of the company'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 currently owned by corporate 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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