Insider Selling: Methanex (TSE:MX) Insider Sells C$701,959.50 in Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider Kyung Wan (Fred) Lee sold 7,975 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$88.02, for a total transaction of C$701,959.50. Following the completion of the sale, the insider owned 5,025 shares of the company’s stock, valued at C$442,300.50. The trade was a 61.35% decrease in their position.

Methanex Trading Down 4.8%

MX opened at C$80.34 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.59 and a debt-to-equity ratio of 143.44. The stock has a market capitalization of C$6.22 billion, a PE ratio of -110.05, a PEG ratio of 0.44 and a beta of 0.56. Methanex Co. has a 1-year low of C$44.57 and a 1-year high of C$92.97. The firm has a 50-day moving average price of C$83.61 and a two-hundred day moving average price of C$69.65.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings data on Thursday, March 5th. The company reported C($0.19) earnings per share for the quarter. The company had revenue of C$1.28 billion during the quarter. Methanex had a negative net margin of 1.26% and a negative return on equity of 1.84%. As a group, equities analysts anticipate that Methanex Co. will post 5.9482927 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Royal Bank Of Canada cut shares of Methanex from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Methanex presently has an average rating of “Moderate Buy” and an average target price of C$50.00.

About Methanex

Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.