Martinrea International (TSE:MRE) Shares Pass Above 200-Day Moving Average – Time to Sell?

Martinrea International Inc. (TSE:MRE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.08 and traded as high as C$10.51. Martinrea International shares last traded at C$10.42, with a volume of 66,807 shares.

Wall Street Analysts Forecast Growth

MRE has been the topic of several recent research reports. BMO Capital Markets cut their price target on Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating on the stock in a report on Friday, March 6th. TD Securities upped their price target on Martinrea International from C$14.00 to C$15.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Martinrea International presently has a consensus rating of “Moderate Buy” and an average target price of C$12.83.

Martinrea International Trading Up 1.9%

The company has a 50-day moving average price of C$9.68 and a 200-day moving average price of C$10.08. The firm has a market capitalization of C$738.72 million, a price-to-earnings ratio of 6.43, a PEG ratio of 0.82 and a beta of 1.93. The company has a debt-to-equity ratio of 77.11, a quick ratio of 0.68 and a current ratio of 1.27.

Martinrea International (TSE:MRE) last released its quarterly earnings data on Thursday, April 30th. The company reported C$0.45 earnings per share (EPS) for the quarter. The business had revenue of C$1.13 billion during the quarter. Martinrea International had a return on equity of 7.74% and a net margin of 2.46%. As a group, research analysts forecast that Martinrea International Inc. will post 2.4988962 EPS for the current fiscal year.

Martinrea International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Martinrea International’s dividend payout ratio is currently 12.35%.

Insider Activity

In other Martinrea International news, insider Francesco Barbara acquired 12,333 shares of the stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of C$8.95 per share, with a total value of C$110,380.35. Following the transaction, the insider owned 54,119 shares in the company, valued at C$484,365.05. The trade was a 29.51% increase in their position. Also, insider Peter Cirulis acquired 5,275 shares of the stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average cost of C$10.41 per share, with a total value of C$54,912.75. Following the completion of the transaction, the insider owned 135,275 shares in the company, valued at approximately C$1,408,212.75. This represents a 4.06% increase in their position. Over the last ninety days, insiders have bought 18,704 shares of company stock valued at $175,320. 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.