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

Martinrea International Inc. (TSE:MRE) shares passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$10.11 and traded as high as C$11.00. Martinrea International shares last traded at C$10.95, with a volume of 618,124 shares trading hands.

Analyst Upgrades and Downgrades

MRE has been the subject of several recent analyst reports. Raymond James Financial lifted their price target on Martinrea International from C$12.00 to C$14.00 and gave the company an “outperform” rating in a research note on Friday. TD dropped their target price on shares of Martinrea International from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.62.

Martinrea International Price Performance

The stock has a 50 day moving average price of C$9.91 and a two-hundred day moving average price of C$10.11. The firm has a market capitalization of C$766.23 million, a price-to-earnings ratio of 6.40, 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.

Martinrea International (TSE:MRE) last released its earnings results on Thursday, November 12th. The company reported C$0.52 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 expect that Martinrea International Inc. will post 2.50 EPS 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.