Methanex (TSE:MX) Shares Cross Above 200 Day Moving Average of $60.11

Methanex Co. (TSE:MX) (NASDAQ:MEOH)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$60.11 and traded as high as C$69.04. Methanex shares last traded at C$68.86, with a volume of 78,295 shares changing hands.

Methanex Stock Performance

The company has a debt-to-equity ratio of 138.70, a quick ratio of 1.59 and a current ratio of 1.14. The firm’s 50-day moving average price is C$60.95 and its two-hundred day moving average price is C$60.11. The stock has a market cap of C$4.64 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 0.44 and a beta of 1.94.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings results on Wednesday, January 31st. The company reported C$0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.34. Methanex had a net margin of 4.68% and a return on equity of 12.35%. The business had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.23 billion. On average, analysts expect that Methanex Co. will post 3.3199412 EPS for the current fiscal year.

Methanex Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Wednesday, March 13th. Methanex’s payout ratio is currently 28.86%.

About Methanex

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.