Martinrea International (OTCMKTS:MRETF) Shares Up 1.9% – Still a Buy?

Martinrea International Inc. (OTCMKTS:MRETFGet Free Report) shares shot up 1.9% during mid-day trading on Monday . The stock traded as high as $7.60 and last traded at $7.60. 1,600 shares traded hands during trading, a decline of 81% from the average session volume of 8,466 shares. The stock had previously closed at $7.4550.

Martinrea International Stock Performance

The business’s 50 day moving average price is $7.33 and its 200 day moving average price is $7.05.

Martinrea International Company Profile

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Martinrea International Inc is a global automotive parts manufacturer specializing in lightweight metal components, assemblies and fluid handling systems. As a diversified Tier 1 supplier, the company designs and produces aluminum stamping, tubular products, fluid conveyance systems, and structural assemblies that are used in powertrains, chassis and body-and–interior applications. Its engineering teams work closely with original equipment manufacturers (OEMs) to develop solutions that meet evolving performance, safety and emissions standards.

Founded in 2001 and headquartered in Vaughan, Ontario, Martinrea has grown through strategic acquisitions and organic expansion to establish a broad international footprint.

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