Martinrea International (OTCMKTS:MRETF) Shares Pass Below Fifty Day Moving Average – What’s Next?

Martinrea International Inc. (OTCMKTS:MRETFGet Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $7.40 and traded as low as $7.21. Martinrea International shares last traded at $7.21, with a volume of 700 shares.

Martinrea International Stock Performance

The company has a 50 day moving average price of $7.40 and a two-hundred day moving average price of $7.28.

Martinrea International Company Profile

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Martinrea International Inc is a global automotive parts manufacturer specializing in lightweight metal components, assemblies and fluid handling systems. As a diversified Tier 1 supplier, the company designs and produces aluminum stamping, tubular products, fluid conveyance systems, and structural assemblies that are used in powertrains, chassis and body-and–interior applications. Its engineering teams work closely with original equipment manufacturers (OEMs) to develop solutions that meet evolving performance, safety and emissions standards.

Founded in 2001 and headquartered in Vaughan, Ontario, Martinrea has grown through strategic acquisitions and organic expansion to establish a broad international footprint.

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