Martinrea International Inc. (TSE:MRE – Get Free Report)’s share price traded up 10.9% during mid-day trading on Friday. The company traded as high as C$10.88 and last traded at C$10.71. Approximately 289,682 shares were traded during mid-day trading, an increase of 227% from the average session volume of 88,632 shares. The stock had previously closed at C$9.66.
Wall Street Analysts Forecast Growth
Separately, TD lowered their price target on shares of Martinrea International from C$16.00 to C$15.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$13.50.
Read Our Latest Research Report on Martinrea International
Martinrea International Stock Performance
The company has a market capitalization of C$756.43 million, a price-to-earnings ratio of 6.32, a PEG ratio of 0.82 and a beta of 1.68. The company has a debt-to-equity ratio of 71.37, a current ratio of 1.23 and a quick ratio of 0.68. The stock has a 50 day simple moving average of C$9.89 and a two-hundred day simple moving average of C$10.11.
Martinrea International (TSE:MRE – Get Free Report) last announced its quarterly earnings results on Thursday, November 12th. The company reported C$0.52 earnings per share (EPS) for the quarter. The firm had revenue of C$1.18 billion during the quarter. Martinrea International had a return on equity of 7.89% and a net margin of 2.60%. As a group, analysts anticipate that Martinrea International Inc. will post 2.50 earnings per share for the current year.
About Martinrea International
Martinrea International Inc. is a leader in the development and production of quality metal parts, assemblies and modules, fluid management systems, and complex aluminum products focused primarily on the automotive sector. Martinrea currently operates in 56 locations in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain, China, South Africa, and Japan. Martinrea’s vision is making lives better by being the best supplier we can be in the products we make and the services we provide.
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