Methanex (TSE:MX) Shares Cross Above 200-Day Moving Average of $63.03

Methanex Co. (TSE:MXGet Free Report) (NASDAQ:MEOH)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$63.03 and traded as high as C$69.25. Methanex shares last traded at C$69.07, with a volume of 62,204 shares trading hands.

Methanex Stock Performance

The stock has a market capitalization of C$4.65 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 0.44 and a beta of 1.91. The company has a quick ratio of 1.59, a current ratio of 1.17 and a debt-to-equity ratio of 136.07. The stock’s 50-day simple moving average is C$68.10 and its 200 day simple moving average is C$63.03.

Methanex (TSE:MXGet Free Report) (NASDAQ:MEOH) last announced its earnings results on Wednesday, April 24th. The company reported C$0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.48. Methanex had a net margin of 4.64% and a return on equity of 11.42%. The company had revenue of C$1.23 billion for the quarter, compared to analyst estimates of C$1.23 billion. Analysts expect that Methanex Co. will post 3.1736234 earnings per share for the current fiscal year.

Methanex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.45%. This is a positive change from Methanex’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, June 14th. Methanex’s dividend payout ratio is presently 29.97%.

Insider Transactions at Methanex

In other news, Director Xiaoping Yang sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of C$54.90, for a total transaction of C$27,450.00. In related news, Director Xiaoping Yang sold 500 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of C$54.90, for a total value of C$27,450.00. Also, Senior Officer Sarah Boon sold 1,288 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of C$71.92, for a total transaction of C$92,632.96. Over the last three months, insiders have sold 3,788 shares of company stock worth $260,743. Corporate insiders own 0.33% of the company’s stock.

About Methanex

(Get Free Report)

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.

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