Shares of Martinrea International Inc. (TSE:MRE – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.53 and traded as high as C$11.60. Martinrea International shares last traded at C$11.56, with a volume of 97,585 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets decreased their target price on shares of Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Martinrea International currently has a consensus rating of “Moderate Buy” and an average target price of C$17.79.
Get Our Latest Research Report on MRE
Martinrea International Price Performance
Martinrea International (TSE:MRE – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.61 by C($0.03). The business had revenue of C$1.30 billion during the quarter, compared to analyst estimates of C$1.33 billion. Martinrea International had a net margin of 2.65% and a return on equity of 9.43%. Research analysts predict that Martinrea International Inc. will post 2.5469484 EPS for the current fiscal year.
Martinrea International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, September 30th. Martinrea International’s dividend payout ratio is presently 11.05%.
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.
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