Martinrea International (TSE:MRE) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Martinrea International Inc. (TSE:MRE)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.17 and traded as high as C$10.18. Martinrea International shares last traded at C$10.03, with a volume of 36,264 shares.

Martinrea International Stock Down 0.9%

The business has a fifty day moving average of C$10.53 and a 200 day moving average of C$10.17. The firm has a market cap of C$711.07 million, a P/E ratio of 6.19, a P/E/G ratio of 0.82 and a beta of 1.83. The company has a quick ratio of 0.68, a current ratio of 1.27 and a debt-to-equity ratio of 77.11.

Martinrea International (TSE:MRE) last issued its earnings results on Thursday, April 30th. The company reported C$0.45 earnings per share (EPS) for the quarter. Martinrea International had a return on equity of 7.74% and a net margin of 2.46%.The firm had revenue of C$1.13 billion for the quarter. On average, equities research analysts predict that Martinrea International Inc. will post 2.4988962 EPS for the current year.

Insider Transactions at Martinrea International

In other news, insider Peter Cirulis purchased 5,275 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average cost of C$10.41 per share, for a total transaction of C$54,912.75. Following the transaction, the insider directly owned 135,275 shares of the company’s stock, valued at approximately C$1,408,212.75. The trade was a 4.06% increase in their position. Also, insider Hany Morsy acquired 4,400 shares of Martinrea International stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of C$10.56 per share, for a total transaction of C$46,464.00. Following the purchase, the insider directly owned 9,000 shares in the company, valued at C$95,040. The trade was a 95.65% increase in their ownership of the stock. Corporate insiders own 11.31% of the company’s stock.

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. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.