Martinrea International (TSE:MRE) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Martinrea International Inc. (TSE:MRE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.14 and traded as high as C$10.54. Martinrea International shares last traded at C$10.43, with a volume of 64,778 shares changing hands.

Martinrea International Stock Performance

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 company has a market capitalization of C$737.30 million, a PE ratio of 6.42, a PEG ratio of 0.82 and a beta of 1.83. The company has a 50-day moving average price of C$10.45 and a two-hundred day moving average price of C$10.14.

Martinrea International (TSE:MRE) last issued its earnings results on Thursday, April 30th. The company reported C$0.45 EPS for the quarter. Martinrea International had a return on equity of 7.74% and a net margin of 2.46%.The business had revenue of C$1.13 billion during the quarter. Analysts predict that Martinrea International Inc. will post 2.4988962 EPS for the current fiscal year.

Insider Activity

In other Martinrea International news, insider Hany Morsy acquired 4,400 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was bought at an average price of C$10.56 per share, with a total value of C$46,464.00. Following the completion of the acquisition, the insider owned 9,000 shares of the company’s stock, valued at C$95,040. This trade represents a 95.65% increase in their ownership of the stock. Also, insider Peter Cirulis acquired 5,275 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average price of C$10.41 per share, for a total transaction of C$54,912.75. Following the completion of the transaction, the insider owned 135,275 shares of the company’s stock, valued at C$1,408,212.75. The trade was a 4.06% increase in their position. 11.31% of the stock is owned by insiders.

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.