Martinrea International (OTCMKTS:MRETF) Shares Up 3.3% – Still a Buy?

Martinrea International Inc. (OTCMKTS:MRETF)’s share price was up 3.3% during trading on Wednesday . The stock traded as high as $7.44 and last traded at $7.44. 2,514 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 12,418 shares. The stock had previously closed at $7.20.

Martinrea International Stock Up 3.3%

The stock has a 50-day simple moving average of $7.42 and a 200 day simple moving average of $7.33.

Martinrea International Company Profile

Martinrea International Inc is a global automotive parts manufacturer specializing in lightweight metal components, assemblies and fluid handling systems. As a diversified Tier 1 supplier, the company designs and produces aluminum stamping, tubular products, fluid conveyance systems, and structural assemblies that are used in powertrains, chassis and body-and–interior applications. Its engineering teams work closely with original equipment manufacturers (OEMs) to develop solutions that meet evolving performance, safety and emissions standards.

Founded in 2001 and headquartered in Vaughan, Ontario, Martinrea has grown through strategic acquisitions and organic expansion to establish a broad international footprint.