Martinrea International (TSE:MRE) Share Price Passes Above 200 Day Moving Average of $0.00

Martinrea International Inc (TSE:MRE)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $10.35. Martinrea International shares last traded at $10.01, with a volume of 99,429 shares traded.

MRE has been the topic of a number of research reports. TD Securities cut their price objective on Martinrea International from C$17.00 to C$15.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. BMO Capital Markets cut their price objective on Martinrea International from C$14.00 to C$11.00 in a report on Wednesday, August 7th.

The business has a fifty day moving average price of C$10.49 and a 200 day moving average price of C$11.51. The company has a market capitalization of $872.15 million and a PE ratio of 5.43. The company has a debt-to-equity ratio of 85.35, a quick ratio of 0.85 and a current ratio of 1.42.

Martinrea International Company Profile (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.

Further Reading: Market Timing

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