Martinrea International (TSE:MRE) Hits New 52-Week Low – Should You Sell?

Martinrea International Inc. (TSE:MRE) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$7.28 and last traded at C$7.48, with a volume of 125254 shares. The stock had previously closed at C$7.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. TD Securities reduced their price objective 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 cut Martinrea International from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$14.00 to C$9.00 in a research report on Wednesday, March 5th. Raymond James dropped their price objective 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. BMO Capital Markets cut Martinrea International from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$13.00 to C$11.00 in a research note on Monday, December 16th. Finally, Cibc World Mkts lowered shares of Martinrea International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$12.10.

Martinrea International Price Performance

The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 80.32. The firm has a market capitalization of C$562.70 million, a price-to-earnings ratio of 5.64, a P/E/G ratio of 0.82 and a beta of 2.08. The company has a fifty day moving average price of C$8.37 and a two-hundred day moving average price of C$9.77.

Insider Activity at Martinrea International

In related news, Senior Officer Peter Cirulis bought 5,000 shares of the stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of C$7.39 per share, for a total transaction of C$36,965.50. 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.