Methanex (TSE:MX) Shares Pass Above 200-Day Moving Average of $64.26

Methanex Co. (TSE:MXGet Free Report) (NASDAQ:MEOH) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$64.26 and traded as high as C$67.08. Methanex shares last traded at C$64.48, with a volume of 143,558 shares.

Methanex Stock Performance

The company has a debt-to-equity ratio of 136.07, a current ratio of 1.17 and a quick ratio of 1.59. The stock has a market cap of C$4.35 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 0.44 and a beta of 1.91. The stock’s 50-day moving average is C$68.86 and its 200 day moving average is C$64.26.

Methanex (TSE:MXGet Free Report) (NASDAQ:MEOH) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.88 EPS for the quarter, beating 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 firm had revenue of C$1.23 billion during the quarter, compared to the consensus estimate of C$1.23 billion. As a group, analysts predict that Methanex Co. will post 3.1736234 earnings per share for the current fiscal year.

Methanex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.55%. This is an increase from Methanex’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, June 14th. Methanex’s dividend payout ratio (DPR) is presently 29.97%.

Insider Activity

In related news, Director Xiaoping Yang sold 500 shares of Methanex stock in a transaction that occurred on Monday, May 20th. The stock was 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 Methanex stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of C$54.90, for a total transaction of C$27,450.00. Also, Senior Officer Sarah Boon sold 1,288 shares of Methanex stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of C$71.92, for a total value of C$92,632.96. In the last three months, insiders sold 5,788 shares of company stock worth $393,921. Company 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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