Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$62.57 and traded as high as C$73.44. Methanex shares last traded at C$72.84, with a volume of 89,528 shares traded.
Wall Street Analyst Weigh In
Separately, Cibc World Mkts raised Methanex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th.
Check Out Our Latest Stock Report on Methanex
Methanex Trading Down 0.5 %
The company has a debt-to-equity ratio of 131.58, a quick ratio of 1.59 and a current ratio of 1.25. The stock has a fifty day moving average of C$68.18 and a 200 day moving average of C$62.62. The company has a market capitalization of C$4.91 billion, a P/E ratio of 25.03, a PEG ratio of 0.44 and a beta of 1.79.
Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last posted its earnings results 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. 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, equities research analysts anticipate that Methanex Co. will post 5.9482927 EPS for the current fiscal year.
Insider Activity
In other news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$65.39, for a total transaction of C$504,818.52. 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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