Insider Buying: Martinrea International Inc. (TSE:MRE) Director Acquires 26,200 Shares of Stock

Martinrea International Inc. (TSE:MRE) Director Frank Patrick D’eramo bought 26,200 shares of the company’s stock in a transaction on Monday, March 24th. The stock was bought at an average cost of C$7.69 per share, with a total value of C$201,372.26.

Martinrea International Stock Performance

Shares of Martinrea International stock traded up C$0.27 during midday trading on Monday, hitting C$7.68. The company had a trading volume of 71,454 shares, compared to its average volume of 142,409. The business’s 50 day simple moving average is C$8.35 and its two-hundred day simple moving average is C$9.74. The company has a debt-to-equity ratio of 80.32, a current ratio of 1.23 and a quick ratio of 0.68. The stock has a market cap of C$570.88 million, a PE ratio of 5.72, a P/E/G ratio of 0.82 and a beta of 2.08. Martinrea International Inc. has a 1-year low of C$7.28 and a 1-year high of C$12.65.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. CIBC lowered Martinrea International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$14.00 to C$9.00 in a research note on Wednesday, March 5th. Cibc World Mkts downgraded shares of Martinrea International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. TD Securities cut their price objective on shares of Martinrea International from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday, March 7th. BMO Capital Markets lowered shares of Martinrea International from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$13.00 to C$11.00 in a report on Monday, December 16th. Finally, Raymond James reduced their price target on shares of Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Martinrea International has an average rating of “Hold” and an average target price of C$12.10.

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.