Martinrea International (OTCMKTS:MRETF) Shares Down 1% – Here’s Why

Martinrea International Inc. (OTCMKTS:MRETFGet Free Report)’s stock price traded down 1% during trading on Tuesday . The company traded as low as $7.5080 and last traded at $7.5270. 1,000 shares were traded during mid-day trading, a decline of 87% from the average session volume of 7,750 shares. The stock had previously closed at $7.60.

Martinrea International Price Performance

The company’s 50-day simple moving average is $7.42 and its two-hundred day simple moving average is $7.21.

Martinrea International Company Profile

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Martinrea International Inc is a global automotive parts manufacturer specializing in lightweight metal components, assemblies and fluid handling systems. As a diversified Tier 1 supplier, the company designs and produces aluminum stamping, tubular products, fluid conveyance systems, and structural assemblies that are used in powertrains, chassis and body-and–interior applications. Its engineering teams work closely with original equipment manufacturers (OEMs) to develop solutions that meet evolving performance, safety and emissions standards.

Founded in 2001 and headquartered in Vaughan, Ontario, Martinrea has grown through strategic acquisitions and organic expansion to establish a broad international footprint.

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