Martinrea International (TSE:MRE) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Martinrea International Inc. (TSE:MRE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.50 and traded as high as C$10.39. Martinrea International shares last traded at C$10.08, with a volume of 176,832 shares changing hands.

Analyst Ratings Changes

MRE has been the subject of a number of analyst reports. BMO Capital Markets lifted their target price on shares of Martinrea International from C$9.00 to C$11.00 in a report on Wednesday, November 12th. CIBC raised Martinrea International from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$10.50 to C$13.00 in a research note on Tuesday, August 26th. TD Securities upped their price objective on Martinrea International from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Finally, Cibc World Mkts upgraded Martinrea International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$12.50.

Martinrea International Stock Performance

The company has a market cap of C$733.70 million, a price-to-earnings ratio of -19.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.96. 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 50-day moving average price of C$10.30 and a 200 day moving average price of C$9.50.

Martinrea International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.0%. The ex-dividend date was Monday, September 29th. Martinrea International’s dividend payout ratio (DPR) is -39.22%.

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.