Martinrea International (MRE) Reaches New 52-Week Low at $10.42

Martinrea International Inc (TSE:MRE) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$10.42 and last traded at C$10.57, with a volume of 143353 shares trading hands. The stock had previously closed at C$10.97.

A number of equities research analysts recently issued reports on MRE shares. Royal Bank of Canada lifted their price target on shares of Martinrea International from C$23.00 to C$24.00 and gave the company an “outperform” rating in a research note on Friday, August 10th. TD Securities dropped their price target on shares of Martinrea International from C$18.50 to C$16.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Finally, CIBC lifted their price target on shares of Martinrea International from C$17.00 to C$20.00 in a research note on Thursday, September 13th.

The company has a current ratio of 1.34, a quick ratio of 0.79 and a debt-to-equity ratio of 63.56.

Martinrea International (TSE:MRE) last announced its earnings results on Thursday, November 8th. The company reported C$0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.46 by C($0.03). The business had revenue of C$851.14 million for the quarter, compared to the consensus estimate of C$882.35 million. As a group, analysts anticipate that Martinrea International Inc will post 2.47000018981519 earnings per share for the current year.

In other Martinrea International news, insider Peter Cirulis bought 2,850 shares of the stock in a transaction on Friday, September 28th. The shares were bought at an average price of C$10.31 per share, with a total value of C$29,383.50. In the last ninety days, insiders have acquired 6,250 shares of company stock worth $56,686.

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About Martinrea International (TSE:MRE)

Martinrea International Inc designs, engineers, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. The company offers aluminum products, including engine blocks, oil pans, cam carriers, camshaft and transmission housings, sub frames, knuckles, control arms, longitudinal and cross members, shock towers, components for electric vehicles, fabrication and modules, and aluminum plates and coils.

Read More: Earnings Per Share (EPS)

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