Methanex Co. (TSE:MX) (NASDAQ:MEOH)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$44.21 and last traded at C$44.41, with a volume of 19439 shares trading hands. The stock had previously closed at C$45.18.
Separately, BMO Capital Markets cut their target price on shares of Methanex from C$70.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd.
The company has a quick ratio of 0.70, a current ratio of 1.08 and a debt-to-equity ratio of 117.53. The company has a market capitalization of $4.00 billion and a P/E ratio of 9.52. The firm’s 50 day moving average price is C$56.30.
In related news, Director John Floren purchased 10,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was bought at an average cost of C$60.00 per share, with a total value of C$600,000.00. Following the purchase, the director now directly owns 59,733 shares in the company, valued at approximately C$3,583,980.
Methanex Company Profile (TSE:MX)
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
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