Martinrea International (TSE:MRE) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Martinrea International Inc. (TSE:MRE) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$9.99 and traded as high as C$10.49. Martinrea International shares last traded at C$10.38, with a volume of 62,642 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets increased their target price on Martinrea International from C$9.00 to C$11.00 in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Martinrea International has a consensus rating of “Buy” and an average price target of C$12.50.

Martinrea International Trading Down 1.0%

The company has a market cap of C$755.54 million, a P/E ratio of -20.35, a P/E/G ratio of 0.82 and a beta of 1.74. The business has a fifty day simple moving average of C$10.30 and a 200 day simple moving average of C$9.99. The company has a debt-to-equity ratio of 80.32, a quick ratio of 0.68 and a current ratio of 1.23.

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.