Martinrea International (TSE:MRE) Sets New 52-Week Low – Should You Sell?

Martinrea International Inc. (TSE:MRE) shares reached a new 52-week low during trading on Thursday . The company traded as low as C$7.61 and last traded at C$7.95, with a volume of 335373 shares changing hands. The stock had previously closed at C$7.91.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Raymond James decreased their price target on Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. TD Securities decreased their price target on Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. CIBC lowered Martinrea International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$14.00 to C$9.00 in a research note on Wednesday. Finally, BMO Capital Markets lowered Martinrea International from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$13.00 to C$11.00 in a research note on Monday, December 16th.

Martinrea International Trading Up 0.5 %

The business has a fifty day moving average price of C$8.70 and a 200 day moving average price of C$10.03. The company has a market capitalization of C$590.95 million, a PE ratio of 5.92, a P/E/G 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 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.