Methanex (TSE:MX) Stock Passes Above Two Hundred Day Moving Average of $60.11

Methanex Co. (TSE:MX) (NASDAQ:MEOH)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$60.11 and traded as high as C$69.04. Methanex shares last traded at C$68.86, with a volume of 78,295 shares changing hands.

Methanex Price Performance

The stock has a market cap of C$4.64 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94. The business’s 50 day moving average price is C$60.95 and its two-hundred day moving average price is C$60.11. The company has a current ratio of 1.14, a quick ratio of 1.59 and a debt-to-equity ratio of 138.70.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its quarterly earnings results on Wednesday, January 31st. The company reported C$0.71 earnings per share for the quarter, beating the consensus estimate of C$0.37 by C$0.34. The company had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.23 billion. Methanex had a return on equity of 12.35% and a net margin of 4.68%. As a group, sell-side analysts expect that Methanex Co. will post 3.3199412 earnings per share for the current fiscal year.

Methanex Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.42%. The ex-dividend date was Wednesday, March 13th. Methanex’s dividend payout ratio (DPR) is 28.86%.

Methanex Company Profile

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.