Martinrea International (OTCMKTS:MRETF) Share Price Passes Below Fifty Day Moving Average of $9.91

Martinrea International Inc. (OTCMKTS:MRETF – Get Rating) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.91 and traded as low as $9.02. Martinrea International shares last traded at $9.02, with a volume of 135 shares traded.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Raymond James lifted their target price on shares of Martinrea International from C$13.50 to C$20.00 in a research report on Friday, March 3rd. TD Securities lifted their target price on shares of Martinrea International from C$16.00 to C$21.00 in a research report on Friday, March 3rd. Finally, BMO Capital Markets dropped their target price on shares of Martinrea International from C$18.00 to C$17.00 in a research report on Friday, May 5th.

Martinrea International Stock Performance

The company’s 50 day moving average is $9.91 and its 200 day moving average is $9.36.

Martinrea International Company Profile

(Get Rating)

Martinrea International, Inc is a global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems.. The firm operates through the following geographical segments: North America, Europe, and Rest of the World.