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

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$11.19. Martinrea International shares last traded at C$10.91, with a volume of 69,720 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MRE. TD Securities raised their price target on shares of Martinrea International from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. BMO Capital Markets lowered their price target on shares of Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating on the stock in a research report on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$12.83.

Martinrea International Price Performance

The stock has a market capitalization of C$773.45 million, a price-to-earnings ratio of 6.73, a P/E/G ratio of 0.82 and a beta of 1.82. The company has a quick ratio of 0.68, a current ratio of 1.27 and a debt-to-equity ratio of 77.11. The business’s 50 day simple moving average is C$10.21 and its 200-day simple moving average is C$10.18.

Martinrea International (TSE:MRE) last announced its quarterly earnings data 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%. On average, research analysts forecast that Martinrea International Inc. will post 2.4988962 earnings per share for the current year.

Martinrea International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, March 31st. Martinrea International’s dividend payout ratio is presently 12.35%.

Insider Transactions at Martinrea International

In other news, insider Peter Cirulis acquired 5,275 shares of Martinrea International stock in a transaction on Tuesday, May 5th. The shares were purchased at an average cost of C$10.41 per share, for a total transaction of C$54,912.75. Following the completion of the purchase, 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 Francesco Barbara acquired 12,333 shares of Martinrea International stock in a transaction on Thursday, March 19th. The shares were purchased at an average price of C$8.95 per share, for a total transaction of C$110,380.35. Following the completion of the purchase, the insider directly owned 54,119 shares of the company’s stock, valued at approximately C$484,365.05. This represents a 29.51% increase in their ownership of the stock. Insiders have acquired 18,704 shares of company stock worth $175,320 over the last quarter. Corporate 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.