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

Martinrea International Inc. (TSE:MRE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.28 and traded as high as C$10.95. Martinrea International shares last traded at C$10.70, with a volume of 76,024 shares changing hands.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets increased their price objective on Martinrea International from C$9.00 to C$11.00 in a research note on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$12.50.

Martinrea International Stock Down 1.3%

The firm has a market capitalization of C$778.83 million, a price-to-earnings ratio of -20.98, a P/E/G ratio of 0.82 and a beta of 1.58. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 80.32. The firm has a fifty day moving average price of C$10.33 and a 200 day moving average price of C$10.28.

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. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.