Martinrea International Inc (TSE:MRE) Senior Officer Robert Fairchild purchased 3,600 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was acquired at an average price of C$10.82 per share, for a total transaction of C$38,959.20. Following the purchase, the insider now owns 32,550 shares in the company, valued at approximately C$352,256.10.
Shares of MRE opened at C$10.27 on Tuesday. The company has a market capitalization of $852.38 million and a PE ratio of 5.43. Martinrea International Inc has a 12 month low of C$5.64 and a 12 month high of C$14.75. The stock’s 50-day moving average price is C$9.80 and its two-hundred day moving average price is C$10.79. The company has a current ratio of 1.39, a quick ratio of 0.82 and a debt-to-equity ratio of 81.64.
The business also recently announced a quarterly dividend, which will be paid on Saturday, July 25th. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Tuesday, July 14th. Martinrea International’s payout ratio is presently 9.78%.
Several research firms recently weighed in on MRE. CIBC cut their price objective on Martinrea International from C$13.50 to C$13.00 in a report on Tuesday, April 21st. BMO Capital Markets cut their price objective on Martinrea International from C$11.50 to C$11.00 in a report on Friday. TD Securities raised their price objective on Martinrea International from C$9.00 to C$14.00 and gave the company a “hold” rating in a report on Tuesday, June 9th. Raymond James set a C$16.00 price objective on Martinrea International and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, Scotiabank cut their price objective on Martinrea International from C$15.00 to C$14.00 in a report on Thursday, April 23rd.
Martinrea International Company Profile
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.
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