Methanex (TSE:MX) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Posted by Doug Madison on Jan 26th, 2025

Methanex Co. (TSE:MX – Get Free Report) (NASDAQ:MEOH)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$62.57 and traded as high as C$73.44. Methanex shares last traded at C$72.84, with a volume of 89,528 shares trading hands.

Wall Street Analyst Weigh In

Separately, Cibc World Mkts upgraded Methanex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th.

View Our Latest Stock Analysis on Methanex

Methanex Trading Down 0.5 %

The business has a 50 day simple moving average of C$68.18 and a two-hundred day simple moving average of C$62.62. The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58. The stock has a market cap of C$4.91 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79.

Methanex (TSE:MX – Get Free Report) (NASDAQ:MEOH) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$1.65 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.60 by C$1.05. The firm had revenue of C$1.28 billion during the quarter, compared to analyst estimates of C$1.26 billion. Methanex had a return on equity of 10.21% and a net margin of 4.06%. As a group, equities analysts anticipate that Methanex Co. will post 5.9482927 EPS for the current year.

Insider Transactions at Methanex

In related news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$65.39, for a total transaction of C$504,818.52. Insiders own 0.35% of the company’s stock.

About Methanex

(Get Free Report)

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.