Martinrea International (TSE:MRE) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Martinrea International Inc. (TSE:MRE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.17 and traded as high as C$10.30. Martinrea International shares last traded at C$10.23, with a volume of 94,099 shares trading hands.

Analysts Set New Price Targets

Separately, TD increased their price objective on Martinrea International from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Martinrea International currently has an average rating of “Moderate Buy” and a consensus target price of C$13.83.

Martinrea International Price Performance

The company has a fifty day simple moving average of C$10.37 and a two-hundred day simple moving average of C$10.17. The stock has a market capitalization of C$715.84 million, a price-to-earnings ratio of 5.98, a PEG ratio of 0.82 and a beta of 1.77. The company has a debt-to-equity ratio of 71.37, a quick ratio of 0.68 and a current ratio of 1.23.

Martinrea International (TSE:MRE) last released its earnings results on Tuesday, August 4th. The company reported C$0.61 earnings per share (EPS) for the quarter. The company had revenue of C$1.20 billion for the quarter. Martinrea International had a return on equity of 7.89% and a net margin of 2.60%. As a group, equities research analysts expect that Martinrea International Inc. will post 2.4988962 earnings per share for the current fiscal 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.