Methanex (TSE:MX) Shares Pass Above 200 Day Moving Average - Should You Sell?

Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH's share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$63.12 and traded as high as C$63.97. Methanex shares last traded at C$63.34, with a volume of 168,105 shares.

Analyst Ratings Changes

Separately, Cibc World Mkts upgraded Methanex from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th.

Methanex Stock Performance

The firm has a fifty day moving average of C$69.48 and a 200-day moving average of C$63.17. The firm has a market cap of C$2.77 billion, a P/E ratio of 18.24, a PEG ratio of 0.44 and a beta of 1.79. The company has a quick ratio of 1.59, a current ratio of 1.34 and a debt-to-equity ratio of 148.53.

Insiders Place Their Bets

In other news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of the firm'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. Company insiders own 0.35% of the company's stock.

Methanex Company Profile

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.