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

Martinrea International Inc. (TSE:MRE) Director Frank Patrick D’eramo bought 26,200 shares of the stock in a transaction on Monday, March 24th. The stock was purchased at an average cost of C$7.69 per share, with a total value of C$201,372.26.

Martinrea International Stock Performance

TSE MRE opened at C$7.65 on Tuesday. The firm’s fifty day moving average price is C$8.33 and its two-hundred day moving average price is C$9.71. The stock has a market cap of C$568.65 million, a PE ratio of 5.70, a PEG ratio of 0.82 and a beta of 2.08. The company has a debt-to-equity ratio of 80.32, a quick ratio of 0.68 and a current ratio of 1.23. Martinrea International Inc. has a fifty-two week low of C$7.28 and a fifty-two week high of C$12.65.

Analyst Upgrades and Downgrades

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

Martinrea International Company Profile

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.