Methanex Co. (TSE:MX) Director Purchases C$57,368.72 in Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Karine Delbarre purchased 1,081 shares of Methanex stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of C$53.07 per share, for a total transaction of C$57,368.72.

Methanex Stock Up 0.4 %

MX stock traded up C$0.23 on Wednesday, hitting C$52.87. 121,409 shares of the company’s stock were exchanged, compared to its average volume of 163,652. The firm has a 50 day moving average price of C$68.13 and a two-hundred day moving average price of C$63.02. The company has a debt-to-equity ratio of 148.53, a quick ratio of 1.59 and a current ratio of 1.34. Methanex Co. has a 12-month low of C$49.21 and a 12-month high of C$78.18. The stock has a market cap of C$2.52 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MX shares. Cibc World Mkts raised shares of Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Scotiabank downgraded shares of Methanex from a “strong-buy” rating to a “hold” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

About Methanex

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.