The Vice-President of Manufacturing of Martinrea International (Other OTC: MRETF) is Buying Shares

By Carrie Williams

Today, the Vice-President of Manufacturing of Martinrea International (MRETFResearch Report), Lawrence Arthur Paine, bought shares of MRETF for $50.13K.

This recent transaction increases Lawrence Arthur Paine’s holding in the company by 15% to a total of $307K. Following Lawrence Arthur Paine’s last MRETF Buy transaction on September 10, 2019, the stock climbed by 1.6%.

See today’s analyst top recommended stocks >>

The company has a one-year high of $11.19 and a one-year low of $3.98. MRETF’s market cap is $812 million and the company has a P/E ratio of -61.00.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $13.30, reflecting a -23.8% downside. Four different firms, including Raymond James and RBC Capital, currently also have a Buy rating on the stock.

The insider sentiment on Martinrea International has been positive according to 18 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Martinrea International, Inc. engages in the development and production of metal products for automotive sector. It operates through the following geographical segments: North America, Europe, and Rest of the World. Its products include suspension and chassis metal, body and structure metal and aluminum components, chassis modules, fluid and air handling systems, and fabricated assemblies. The company was founded by Robert P. E. Wildeboer and Nick Orlando in 1987 and is headquartered in Vaughan, Canada.