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

Shares of Martinrea International Inc. (TSE:MRE) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.17 and traded as high as C$10.18. Martinrea International shares last traded at C$10.03, with a volume of 36,264 shares traded.

Martinrea International Price Performance

The stock has a market capitalization of C$711.07 million, a P/E ratio of 6.19, a PEG ratio of 0.82 and a beta of 1.83. The company has a current ratio of 1.27, a quick ratio of 0.68 and a debt-to-equity ratio of 77.11. The company has a fifty day simple moving average of C$10.53 and a two-hundred day simple moving average of C$10.17.

Martinrea International (TSE:MRE) last released its earnings results on Thursday, April 30th. The company reported C$0.45 earnings per share (EPS) for the quarter. The company 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%. Sell-side analysts expect that Martinrea International Inc. will post 2.4988962 EPS for the current fiscal year.

Insider Buying and Selling

In other Martinrea International news, insider Peter Cirulis acquired 5,275 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average cost of C$10.41 per share, for a total transaction of C$54,912.75. Following the completion of the acquisition, the insider directly owned 135,275 shares of the company’s stock, valued at approximately C$1,408,212.75. This represents a 4.06% increase in their position. Also, insider Hany Morsy acquired 4,400 shares of Martinrea International stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of C$10.56 per share, for a total transaction of C$46,464.00. Following the completion of the purchase, the insider owned 9,000 shares of the company’s stock, valued at approximately C$95,040. The trade was a 95.65% increase in their position. 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.