Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Martinrea International Inc T.MRE

Alternate Symbol(s):  MRETF

Martinrea International Inc. is a Canada-based diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added lightweight structures and propulsion systems. The Company’s offerings include a range of products, assemblies and systems for small and large cars, crossovers, pickups and sport utility vehicles. The Company's operations are segmented on a geographic basis between North America, Europe and Rest of the World. The Company's solutions include lightweight structures, propulsion systems, flexible manufacturing, and graphene technology. Its lightweight structure products include complex assemblies and exterior trim. Its flexible manufacturing products include bus frame assemblies and front vertical corner modules. Its graphene products include graphene and nylon coated brake lines and electric vehicle batteries enhanced with graphene. It operates in around 59 countries, such as Canada, the United States and Mexico.


TSX:MRE - Post by User

Comment by zack50on Mar 18, 2022 7:58pm
317 Views
Post# 34527090

RE:RE:Insider buying...

RE:RE:Insider buying...Ted Dixon of INK Research writes in the G & M today... "The share price of auto parts maker Martinrea International Inc. has had to absorb a lot of bad news recently, including the semiconductor shortage, the impact of the Russia-Ukraine war and interest rate hikes. However, insiders seem to be betting that the stock could finally be ready to make a move uphill."

Puma1back wrote:

I think this news is partially responsible for todays uptick. 


the stock is certainly fickle 

 

zack50 wrote:

 

On March 8, president and chief executive officer Pat D’Eramo acquired 39,559 shares at an average cost per share of approximately US$6.34, increasing this particular account’s position to 231,450 shares. The cost of this purchase exceeded US$250,000.

On March 8, executive chairman Rob Wildeboer bought 12,000 shares at a price per share of $8.46, raising this specific account’s holdings to 540,000 shares. The cost of this investment totaled over $101,000.

On March, 8, executive vice-president – human resources Armando Pagliari invested over $89,000 in shares of Martinrea. He purchased 11,000 shares at a price per share of $8.10, after which this particular account held 66,898 shares.

Year-to-date, the share price has declined 29 per cent with the stock now in oversold territory. The RSI (relative strength index) is 28. Generally, an RSI reading at or below 30 reflects an oversold condition.

The company pays its shareholder a quarterly dividend of 5 cents per share or 20 cents per share yearly, equating to a current annualized yield of 2.5 per cent.





<< Previous
Bullboard Posts
Next >>