Methanex (TSE:MX) Share Price Passes Above Two Hundred Day Moving Average of $63.43

Shares of Methanex Co. (TSE:MX) (NASDAQ:MEOH) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$63.43 and traded as high as C$69.66. Methanex shares last traded at C$68.09, with a volume of 61,990 shares.

Methanex Stock Down 2.5 %

The stock has a market cap of C$4.59 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 0.44 and a beta of 1.91. The business has a 50-day moving average price of C$68.92 and a 200-day moving average price of C$63.43. The company has a current ratio of 1.17, a quick ratio of 1.59 and a debt-to-equity ratio of 136.07.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its earnings results on Wednesday, April 24th. The company reported C$0.88 EPS for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.48. The business had revenue of C$1.23 billion during the quarter, compared to analysts’ expectations of C$1.23 billion. Methanex had a return on equity of 11.42% and a net margin of 4.64%. As a group, analysts forecast that Methanex Co. will post 3.1736234 earnings per share for the current year.

Methanex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, June 14th. This is a positive change from Methanex’s previous quarterly dividend of $0.25. Methanex’s payout ratio is currently 29.97%.

Insiders Place Their Bets

In other Methanex news, Director Xiaoping Yang sold 500 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of C$54.90, for a total transaction of C$27,450.00. In other Methanex news, Director Alejandro Larrive sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of C$72.16, for a total value of C$72,160.00. Also, Director Xiaoping Yang sold 500 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of C$54.90, for a total value of C$27,450.00. Insiders have sold 3,788 shares of company stock valued at $260,743 over the last ninety days. Company insiders own 0.33% of the company’s stock.

Methanex Company Profile

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.