Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH's stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$62.00 and traded as high as C$70.25. Methanex shares last traded at C$69.69, with a volume of 93,313 shares changing hands.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Tudor Pickering upgraded shares of Methanex to a "strong-buy" rating in a report on Wednesday, September 11th. Cibc World Mkts raised Methanex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, Barclays downgraded Methanex from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 10th.
Check Out Our Latest Report on Methanex
Methanex Price Performance
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's 50-day moving average is C$61.39 and its 200-day moving average is C$61.99. The firm has a market cap of C$4.70 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79.
Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$1.65 EPS for the quarter, beating 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 analyst estimates of C$1.26 billion. As a group, equities analysts anticipate that Methanex Co. will post 5.9482927 EPS for the current fiscal year.
Insider Buying and Selling
In other Methanex news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of Methanex stock in a transaction that occurred on 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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