Martinrea International (TSE:MRE) Hits New 1-Year Low – Should You Sell?

Martinrea International Inc. (TSE:MRE)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as C$8.68 and last traded at C$8.76, with a volume of 30620 shares. The stock had previously closed at C$8.87.

Wall Street Analyst Weigh In

MRE has been the topic of a number of recent analyst reports. CIBC cut their price objective on Martinrea International from C$17.00 to C$14.50 in a research note on Thursday, November 14th. TD Securities decreased their price objective on shares of Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. Finally, BMO Capital Markets cut shares of Martinrea International from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$13.00 to C$11.00 in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$14.20.

Martinrea International Stock Down 2.1 %

The firm has a market capitalization of C$649.35 million, a PE ratio of 4.80, a P/E/G ratio of 0.82 and a beta of 2.08. The stock has a 50-day simple moving average of C$9.85 and a 200-day simple moving average of C$10.80. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13.

Insider Buying and Selling at Martinrea International

In other news, Director Robert Peter Edward Wildeboer bought 7,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of C$10.02 per share, with a total value of C$70,140.00. Insiders own 11.31% of the company’s stock.

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.