Methanex (TSE:MX) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Posted by Jared Coughlin on Feb 13th, 2025

Methanex Co. (TSE:MX – Get Free Report) (NASDAQ:MEOH)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$63.02 and traded as high as C$68.92. Methanex shares last traded at C$66.86, with a volume of 205,747 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Cibc World Mkts upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

Check Out Our Latest Report on Methanex

Methanex Trading Down 3.0 %

The company has a debt-to-equity ratio of 131.58, a quick ratio of 1.59 and a current ratio of 1.25. The firm has a market cap of C$4.51 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 0.44 and a beta of 1.79. The business has a fifty day simple moving average of C$70.38 and a 200-day simple moving average of C$63.02.

Insider Activity

In other news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of Methanex stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$65.39, for a total transaction of C$504,818.52. 0.35% of the stock is currently owned by insiders.

About Methanex

(Get Free Report)

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.