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

Martinrea International Inc. (TSE:MRE)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as C$7.26 and last traded at C$7.27, with a volume of 76919 shares traded. The stock had previously closed at C$7.48.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Raymond James lowered their price target on Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. 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 reduced their price target on shares of Martinrea International from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Friday, March 7th. CIBC downgraded shares of Martinrea International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$14.00 to C$9.00 in a research report on Wednesday, March 5th. Finally, BMO Capital Markets downgraded shares of Martinrea International from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$13.00 to C$11.00 in a research report on Monday, December 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$12.10.

Martinrea International Stock Down 3.7 %

The stock has a market cap of C$535.20 million, a price-to-earnings ratio of 5.36, a P/E/G ratio of 0.82 and a beta of 2.08. The business has a fifty day moving average of C$8.26 and a 200 day moving average of C$9.64. The company has a debt-to-equity ratio of 80.32, a current ratio of 1.23 and a quick ratio of 0.68.

Insider Transactions at Martinrea International

In related news, Senior Officer Peter Cirulis purchased 5,000 shares of the stock in a transaction on Thursday, March 20th. The shares were bought at an average price of C$7.39 per share, for a total transaction of C$36,965.50. Also, Director Frank Patrick D’eramo acquired 26,200 shares of Martinrea International stock in a transaction dated Monday, March 24th. The stock was purchased at an average price of C$7.69 per share, with a total value of C$201,372.26. Insiders have acquired a total of 44,500 shares of company stock worth $343,408 in the last 90 days. 11.31% of the stock is owned by 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.