Martinrea International Inc. (TSE:MRE - Get Free Report) insider Hany Morsy bought 4,400 shares of Martinrea International stock in a transaction dated Monday, June 15th. The stock was purchased at an average cost of C$10.56 per share, with a total value of C$46,464.00. Following the completion of the acquisition, the insider directly owned 9,000 shares in the company, valued at approximately C$95,040. The trade was a 95.65% increase in their position.
Martinrea International Stock Down 1.9%
Martinrea International stock opened at C$10.29 on Wednesday. Martinrea International Inc. has a fifty-two week low of C$8.16 and a fifty-two week high of C$11.72. The company has a debt-to-equity ratio of 77.11, a quick ratio of 0.68 and a current ratio of 1.27. The company has a market capitalization of C$729.50 million, a P/E ratio of 6.35, a PEG ratio of 0.82 and a beta of 1.82. The stock has a 50-day simple moving average of C$10.32 and a 200-day simple moving average of C$10.18.
Martinrea International (TSE:MRE - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported C$0.45 earnings per share 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. Equities research analysts expect that Martinrea International Inc. will post 2.4988962 earnings per share for the current year.
Martinrea International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a $0.05 dividend. 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 payout ratio is presently 12.35%.
Wall Street Analyst Weigh In
MRE has been the subject of several research reports. BMO Capital Markets reduced their target price on Martinrea International from C$11.00 to C$10.50 and set a "market perform" rating for the company in a report on Friday, March 6th. TD Securities boosted their target price on Martinrea International from C$14.00 to C$15.00 and gave the company a "buy" rating in a report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$12.83.
Read Our Latest Report on Martinrea International
Martinrea International Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
