Martinrea International (TSE:MRE) Hits New 52-Week Low Following Analyst Downgrade

Martinrea International Inc. (TSE:MRE) reached a new 52-week low 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 a number of other research reports. BMO Capital Markets lowered their price objective on Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. CIBC cut their price objective on shares of Martinrea International from C$17.50 to C$17.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$16.50.

Martinrea International Stock Performance

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

About Martinrea International

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.