Martinrea International (TSE:MRE) Stock Crosses Above 200-Day Moving Average – Here’s Why

Martinrea International Inc. (TSE:MRE) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.16 and traded as high as C$10.18. Martinrea International shares last traded at C$10.03, with a volume of 30,037 shares.

Martinrea International Stock Up 0.8%

The company has a market cap of C$711.07 million, a PE ratio of 6.19, a P/E/G ratio of 0.82 and a beta of 1.83. The company has a quick ratio of 0.68, a current ratio of 1.27 and a debt-to-equity ratio of 77.11. The firm’s fifty day simple moving average is C$10.48 and its 200-day simple moving average is C$10.16.

Martinrea International (TSE:MRE) last released its quarterly earnings results on Thursday, April 30th. The company reported C$0.45 EPS for the quarter. Martinrea International had a net margin of 2.46% and a return on equity of 7.74%. The business had revenue of C$1.13 billion for the quarter. As a group, equities research analysts expect that Martinrea International Inc. will post 2.4988962 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Peter Cirulis purchased 5,275 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was bought at an average price of C$10.41 per share, with a total value of C$54,912.75. Following the completion of the transaction, the insider owned 135,275 shares of the company’s stock, valued at approximately C$1,408,212.75. This represents a 4.06% increase in their position. Also, insider Hany Morsy purchased 4,400 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was bought at an average cost of C$10.56 per share, with a total value of C$46,464.00. Following the completion of the acquisition, the insider owned 9,000 shares of the company’s stock, valued at approximately C$95,040. The trade was a 95.65% increase in their ownership of the stock. 11.31% of the stock is currently owned by corporate insiders.

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.