Methanex Co. (TSE:MX) Senior Officer Kevin Maloney Buys 1,400 Shares

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Senior Officer Kevin Maloney bought 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of C$53.55 per share, for a total transaction of C$74,969.02.

Methanex Trading Up 0.2 %

Shares of MX opened at C$52.74 on Thursday. Methanex Co. has a 1-year low of C$49.21 and a 1-year high of C$78.18. The company has a market capitalization of C$2.51 billion, a P/E ratio of 16.57, a P/E/G ratio of 0.44 and a beta of 1.79. The company has a debt-to-equity ratio of 148.53, a current ratio of 1.34 and a quick ratio of 1.59. The firm’s 50 day simple moving average is C$67.75 and its 200 day simple moving average is C$62.96.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Scotiabank lowered shares of Methanex from a “strong-buy” rating to a “hold” rating in a research report on Monday. Cibc World Mkts upgraded Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Two equities research 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.com, the stock currently has an average rating of “Buy”.

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.