Methanex Co. (TSE:MX) Senior Officer Acquires C$74,969.02 in Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Senior Officer Kevin Maloney acquired 1,400 shares of Methanex stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of C$53.55 per share, with a total value of C$74,969.02.

Methanex Stock Performance

TSE:MX traded up C$0.23 during mid-day trading on Wednesday, hitting C$52.87. The company’s stock had a trading volume of 121,409 shares, compared to its average volume of 163,652. Methanex Co. has a 1 year low of C$49.21 and a 1 year high of C$78.18. The company has a debt-to-equity ratio of 148.53, a current ratio of 1.34 and a quick ratio of 1.59. The stock has a market cap of C$2.52 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.44 and a beta of 1.79. The business’s fifty day moving average is C$68.13 and its two-hundred day moving average is C$63.02.

Analyst Upgrades and Downgrades

Several research firms have commented on MX. Scotiabank lowered shares of Methanex from a “strong-buy” rating to a “hold” rating in a research report on Monday. Cibc World Mkts upgraded Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company. According to MarketBeat, Methanex currently has a consensus rating of “Buy”.

Methanex Company Profile

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.