Martinrea International (TSE:MRE) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Martinrea International Inc. (TSE:MRE) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.18 and traded as high as C$10.29. Martinrea International shares last traded at C$10.11, with a volume of 29,915 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MRE shares. BMO Capital Markets cut their target price on shares of Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating for the company in a research note on Friday, March 6th. TD Securities upped their price target 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. Two equities 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.83.

Martinrea International Stock Performance

The company has a market cap of C$716.74 million, a P/E ratio of 6.24, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82. The stock has a 50 day moving average price of C$10.40 and a two-hundred day moving average price of C$10.18. The company has a quick ratio of 0.68, a current ratio of 1.27 and a debt-to-equity ratio of 77.11.

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

Martinrea International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.0%. Martinrea International’s dividend payout ratio (DPR) is currently 12.35%.

Insider Transactions at Martinrea International

In other Martinrea International news, insider Peter Cirulis acquired 5,275 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was acquired at an average price of C$10.41 per share, for a total transaction of C$54,912.75. Following the purchase, the insider directly owned 135,275 shares of the company’s stock, valued at C$1,408,212.75. This trade represents a 4.06% increase in their ownership of the stock. Also, insider Hany Morsy acquired 4,400 shares of the business’s stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of C$10.56 per share, with a total value of C$46,464.00. Following the acquisition, the insider directly owned 9,000 shares in the company, valued at approximately C$95,040. This trade represents a 95.65% increase in their ownership of the stock. In the last three months, insiders bought 10,771 shares of company stock valued at $111,403. 11.31% of the stock is currently owned by company insiders.

About Martinrea International

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.