Martinrea International (TSE:MRE) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Martinrea International Inc. (TSE:MRE)’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$10.08 and traded as high as C$10.51. Martinrea International shares last traded at C$10.42, with a volume of 66,807 shares trading hands.

Analyst Upgrades and Downgrades

MRE has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price target on shares of Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating on the stock in a research report on Friday, March 6th. TD Securities boosted their price target on shares of Martinrea International from C$14.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$12.83.

Martinrea International Stock Performance

The stock has a market capitalization of C$771.33 million, a price-to-earnings ratio of 6.72, a price-to-earnings-growth ratio of 0.82 and a beta of 1.93. The company has a quick ratio of 0.68, a current ratio of 1.27 and a debt-to-equity ratio of 77.11. The stock’s 50-day simple moving average is C$9.70 and its 200 day simple moving average is C$10.08.

Martinrea International (TSE:MRE) last announced its earnings results on Thursday, April 30th. The company reported C$0.45 earnings per share for the quarter. Martinrea International had a net margin of 2.46% and a return on equity of 7.74%. The company had revenue of C$1.13 billion during the quarter. Analysts expect that Martinrea International Inc. will post 2.4988962 earnings per share for the current fiscal year.

Martinrea International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. Martinrea International’s payout ratio is currently 12.35%.

Insider Transactions at Martinrea International

In related news, insider Francesco Barbara bought 12,333 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was bought at an average cost of C$8.95 per share, with a total value of C$110,380.35. Following the completion of the purchase, the insider owned 54,119 shares in the company, valued at approximately C$484,365.05. The trade was a 29.51% increase in their position. Also, insider Peter Cirulis bought 5,275 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was bought at an average cost of C$10.41 per share, with a total value of C$54,912.75. Following the completion of the purchase, the insider owned 135,275 shares of the company’s stock, valued at approximately C$1,408,212.75. The trade was a 4.06% increase in their position. Over the last ninety days, insiders acquired 18,704 shares of company stock valued at $175,320. Insiders own 11.31% of the company’s stock.

About Martinrea International

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.