Martinrea International (TSE:MRE) Hits New 12-Month Low – Should You Sell?

Martinrea International Inc. (TSE:MRE)’s share price reached a new 52-week low on Wednesday . The stock 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.

Analysts Set New Price Targets

Several brokerages have commented on MRE. Raymond James lowered their target price on shares of Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating for the company in a research note on Friday. BMO Capital Markets downgraded Martinrea International from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$13.00 to C$11.00 in a research note on Monday, December 16th. TD Securities decreased their target price on Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. Finally, CIBC dropped their price target on Martinrea International from C$17.00 to C$14.50 in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Martinrea International has a consensus rating of “Moderate Buy” and a consensus target price of C$13.40.

Martinrea International Stock Performance

The stock’s fifty day moving average price is C$9.77 and its two-hundred day moving average price is C$10.76. The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25. The company has a market cap of C$627.66 million, a P/E ratio of 4.64, a P/E/G ratio of 0.82 and a beta of 2.08.

Insider Transactions at Martinrea International

In other Martinrea International news, Director Robert Peter Edward Wildeboer purchased 7,000 shares of the company’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. 11.31% of the stock is owned by corporate 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.