Kevin Maloney Purchases 1,400 Shares of Methanex Co. (TSE:MX) Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Senior Officer Kevin Maloney bought 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of C$53.55 per share, for a total transaction of C$74,969.02.

Methanex Stock Up 0.7 %

Methanex stock opened at C$53.11 on Friday. The company has a debt-to-equity ratio of 148.53, a quick ratio of 1.59 and a current ratio of 1.34. The business’s 50-day simple moving average is C$67.38 and its two-hundred day simple moving average is C$62.91. The company has a market cap of C$2.53 billion, a PE ratio of 16.69, a PEG ratio of 0.44 and a beta of 1.79. Methanex Co. has a fifty-two week low of C$49.21 and a fifty-two week high of C$78.18.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Scotiabank downgraded Methanex from a “strong-buy” rating to a “hold” rating in a research note on Monday. Cibc World Mkts upgraded Methanex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Methanex

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.