Frank Patrick D’eramo Purchases 26,200 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) Director Frank Patrick D’eramo acquired 26,200 shares of Martinrea International stock in a transaction dated Monday, March 24th. The shares were bought at an average cost of C$7.69 per share, with a total value of C$201,372.26.

Martinrea International Price Performance

TSE:MRE traded up C$0.27 during trading hours on Monday, reaching C$7.68. 71,454 shares of the company were exchanged, compared to its average volume of 142,409. 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 market cap of C$570.88 million, a PE ratio of 5.72, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. Martinrea International Inc. has a twelve month low of C$7.28 and a twelve month high of C$12.65. The stock’s 50-day moving average is C$8.35 and its 200-day moving average is C$9.74.

Analyst Ratings Changes

A number of equities research analysts have commented on MRE shares. BMO Capital Markets lowered shares of Martinrea International from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$13.00 to C$11.00 in a report on Monday, December 16th. Cibc World Mkts cut Martinrea International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. TD Securities lowered their target price on shares of Martinrea International from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday, March 7th. CIBC downgraded Martinrea International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$14.00 to C$9.00 in a research note on Wednesday, March 5th. Finally, Raymond James dropped their price target on Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Martinrea International presently has a consensus rating of “Hold” and an average target price of C$12.10.

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.