Martinrea International (TSE:MRE) Stock Crosses Above 200-Day Moving Average – Here’s Why

Martinrea International Inc. (TSE:MRE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.16 and traded as high as C$10.18. Martinrea International shares last traded at C$10.03, with a volume of 30,037 shares.

Martinrea International Trading Up 0.8%

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 firm has a market cap of C$711.07 million, a price-to-earnings ratio of 6.19, a price-to-earnings-growth ratio of 0.82 and a beta of 1.83. The business’s 50-day moving average price is C$10.48 and its two-hundred day moving average price is C$10.16.

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

Insiders Place Their Bets

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

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.