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

Martinrea International Inc. (TSE:MRE) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.36 and traded as high as C$10.58. Martinrea International shares last traded at C$10.50, with a volume of 127,310 shares changing hands.

Analyst Ratings Changes

Separately, BMO Capital Markets lifted their target price on Martinrea International from C$9.00 to C$11.00 in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$12.50.

Martinrea International Price Performance

The company has a fifty day moving average of C$10.38 and a 200-day moving average of C$10.36. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 75.06. The stock has a market cap of C$764.27 million, a PE ratio of -20.59, a P/E/G ratio of 0.82 and a beta of 1.58.

About Martinrea International

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.