Frank Patrick D’eramo Buys 26,200 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) Director Frank Patrick D’eramo acquired 26,200 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of C$7.69 per share, for a total transaction of C$201,372.26.

Martinrea International Price Performance

Shares of TSE MRE opened at C$7.88 on Wednesday. The business has a 50 day simple moving average of C$8.32 and a 200-day simple moving average of C$9.69. Martinrea International Inc. has a twelve month low of C$7.28 and a twelve month high of C$12.65. The company has a market capitalization of C$585.74 million, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 80.32.

Analyst Upgrades and Downgrades

MRE has been the topic of several analyst reports. TD Securities cut their price objective on shares of Martinrea International from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Cibc World Mkts lowered Martinrea International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. BMO Capital Markets downgraded Martinrea International from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$13.00 to C$11.00 in a report on Monday, December 16th. CIBC cut Martinrea International from an “outperform” rating to a “neutral” rating and reduced their target price for the company from C$14.00 to C$9.00 in a research note on Wednesday, March 5th. Finally, Raymond James dropped their price target on shares of Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$12.10.

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.