Martinrea International (TSE:MRE) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Martinrea International Inc. (TSE:MRE) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.07 and traded as high as C$10.75. Martinrea International shares last traded at C$10.61, with a volume of 99,684 shares trading hands.

Analyst Upgrades and Downgrades

MRE has been the topic of several recent analyst reports. TD Securities increased their target price on shares of Martinrea International from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Friday, March 6th. BMO Capital Markets reduced their target price 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 note on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Martinrea International currently has an average rating of “Moderate Buy” and a consensus target price of C$12.83.

Martinrea International Trading Up 0.4%

The stock’s fifty day moving average price is C$9.65 and its 200 day moving average price is C$10.07. The company has a debt-to-equity ratio of 77.11, a current ratio of 1.27 and a quick ratio of 0.68. The stock has a market capitalization of C$752.19 million, a P/E ratio of 6.55, a PEG ratio of 0.82 and a beta of 1.93.

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

Martinrea International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a $0.05 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%. Martinrea International’s dividend payout ratio is presently 12.35%.

Insider Transactions at Martinrea International

In other Martinrea International news, insider Francesco Barbara bought 12,333 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of C$8.95 per share, for a total transaction of C$110,380.35. Following the acquisition, the insider directly owned 54,119 shares in the company, valued at approximately C$484,365.05. The trade was a 29.51% increase in their ownership of the stock. Also, insider Peter Cirulis bought 5,275 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were acquired at an average price of C$10.41 per share, for a total transaction of C$54,912.75. Following the completion of the acquisition, the insider owned 135,275 shares in the company, valued at C$1,408,212.75. This represents a 4.06% increase in their ownership of the stock. Over the last 90 days, insiders bought 18,704 shares of company stock worth $175,320. Company insiders own 11.31% of the company’s stock.

Martinrea International Company Profile

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.