Martinrea International (TSE:MRE) Reaches New 52-Week Low After Analyst Downgrade

Martinrea International Inc. (TSE:MRE) hit a new 52-week low during trading on Wednesday after TD Securities lowered their price target on the stock from C$18.00 to C$13.00. The stock traded as low as C$9.52 and last traded at C$9.69, with a volume of 312819 shares trading hands. The stock had previously closed at C$10.82.

MRE has been the subject of several other reports. CIBC decreased their target price on shares of Martinrea International from C$17.50 to C$17.00 in a report on Friday, November 8th. BMO Capital Markets reduced their target price on Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$16.50.

Martinrea International Stock Down 9.9 %

The stock has a market cap of C$729.40 million, a price-to-earnings ratio of 5.44, a P/E/G ratio of 0.82 and a beta of 2.08. The business has a fifty day moving average of C$11.24 and a 200 day moving average of C$11.42. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68.

Martinrea International Company Profile

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.