Shares of Methanex Co. (TSE:MX – Get Free Report) (NASDAQ:MEOH) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$63.43 and traded as high as C$69.66. Methanex shares last traded at C$68.09, with a volume of 61,990 shares trading hands.
Methanex Stock Down 2.6 %
The firm has a market cap of C$4.46 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 0.44 and a beta of 1.91. The company has a debt-to-equity ratio of 136.07, a current ratio of 1.17 and a quick ratio of 1.59. The stock has a 50-day moving average of C$68.85 and a 200-day moving average of C$63.49.
Methanex (TSE:MX – Get Free Report) (NASDAQ:MEOH) last issued its quarterly earnings results on Wednesday, April 24th. The company reported C$0.88 EPS for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.48. The company had revenue of C$1.23 billion for the quarter, compared to analysts’ expectations of C$1.23 billion. Methanex had a return on equity of 11.42% and a net margin of 4.64%. Sell-side analysts predict that Methanex Co. will post 3.1736234 EPS for the current fiscal year.
Methanex Increases Dividend
Insider Activity at Methanex
In other news, Director Alejandro Larrive sold 1,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of C$72.16, for a total value of C$72,160.00. In related news, Director Alejandro Larrive sold 1,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of C$72.16, for a total transaction of C$72,160.00. Also, Senior Officer Sarah Boon sold 1,288 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$71.92, for a total value of C$92,632.96. In the last three months, insiders have sold 3,788 shares of company stock valued at $260,743. 0.33% of the stock is owned by insiders.
Methanex Company Profile
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.
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