Posted by admin on May 4th, 2022
Martinrea International Inc. (OTCMKTS:MRETF – Get Rating) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 966,600 shares, a growth of 18.1% from the March 31st total of 818,800 shares. Based on an average trading volume of 3,900 shares, the short-interest ratio is presently 247.8 days.
A number of equities analysts have recently issued reports on MRETF shares. CIBC dropped their price objective on shares of Martinrea International from C$14.00 to C$13.00 in a research note on Monday, April 25th. Scotiabank increased their price objective on shares of Martinrea International from C$16.00 to C$17.50 in a research note on Friday, January 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $14.60.
Shares of MRETF opened at $6.02 on Wednesday. Martinrea International has a twelve month low of $5.83 and a twelve month high of $11.90. The company has a 50 day moving average of $6.77 and a two-hundred day moving average of $7.95.
Martinrea International Company Profile (Get Rating)
Martinrea International Inc designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. It offers engine blocks, transmissions, cases, housings, oil coolers, hoses, tube assemblies, oil fillers, tubes, indicators, oil pick-up screens and pipes, heater hose inlets and outlets, and electric motor housings; and front horizontal, rear suspension, and front vertical modules.
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