The stock of Martinrea International Inc (TSE:MRE) hit a new 52-week low and has $6.88 target or 5.00% below today’s $7.24 share price. The 5 months bearish chart indicates high risk for the $617.49M company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $6.88 price target is reached, the company will be worth $30.87 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 545,290 shares traded hands or 276.02% up from the average. Martinrea International Inc (TSE:MRE) has declined 26.71% since March 31, 2016 and is downtrending. It has underperformed by 27.80% the S&P500.
Martinrea International Inc (TSE:MRE) Ratings Coverage
Out of 4 analysts covering Martinrea International Inc. (TSE:MRE), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $21.50 is the highest target while $13.50 is the lowest. The $17.50 average target is 141.71% above today’s ($7.24) stock price. Martinrea International Inc. has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Martinrea International Inc (TSE:MRE) earned “Outperform” rating by IBC on Monday, August 10. The company was maintained on Monday, August 10 by Canaccord Genuity. The stock of Martinrea International Inc (TSE:MRE) has “Focus List” rating given on Tuesday, December 1 by Canaccord Genuity. The company was maintained on Monday, August 10 by Paradigm Research.
More notable recent Martinrea International Inc (TSE:MRE) news were published by: News.Sys-Con.com which released: “Martinrea International Inc. Releases Third Quarter Results and Announces Dividend” on November 03, 2016, also Marketwired.com with their article: “Martinrea International Inc. to Announce Third Quarter Results on November 3, 2016” published on October 28, 2016, Marketwired.com published: “Martinrea International Inc. to Appoint Pat D’Eramo as President and Chief …” on October 20, 2014. More interesting news about Martinrea International Inc (TSE:MRE) were released by: Marketwired.com and their article: “Martinrea International Inc. to Announce Second Quarter Results on August 2, 2016” published on July 26, 2016 as well as Marketwired.com‘s news article titled: “Martinrea International Inc. Releases First Quarter Results and Announces Dividend” with publication date: May 03, 2016.
Martinrea International Inc. is a Canada firm engaged in the development and production of metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector. The company has a market cap of $617.49 million. The Company’s divisions are North America, Europe and Rest of the World. It has a 8.29 P/E ratio. It serves various vehicle manufacturers, as well as automotive suppliers and also serves other industrial sectors across the world.
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