Martinrea International (TSE:MRE) Hits New 1-Year High at $13.46

Martinrea International Inc. (TSE:MRE)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$13.46 and last traded at C$13.41, with a volume of 1602 shares traded. The stock had previously closed at C$13.37.

Martinrea International Price Performance

The firm has a market cap of C$1.08 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 0.82 and a beta of 2.21. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 94.15. The company’s 50-day moving average price is C$13.73 and its 200-day moving average price is C$13.43.

Martinrea International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Saturday, September 30th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.47%. Martinrea International’s dividend payout ratio is currently 8.93%.

About Martinrea International

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.