1 week Ago By Defense World Staff
Methanex Co. ( TSE:MX – Get Free Report ) (NASDAQ:MEOH) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$62.
04 and traded as high as C$72.00. Methanex shares last traded at C$71.
83, with a volume of 90,554 shares traded. Analyst Upgrades and Downgrades Several research analysts have recently weighed in on MX shares. Cibc World Mkts upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th.
Tudor Pickering upgraded shares of Methanex to a “strong-buy” rating in a report on Wednesday, September 11th. Finally, Barclays cut shares of Methanex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th. View Our Latest Analysis on MX Methanex Trading Up 1.
3 % Methanex ( TSE:MX – Get Free Report ) (NASDAQ:MEOH) last announced its earnings results on Wednesday, November 6th. The company reported C$1.65 earnings per share for the quarter, beating the consensus estimate of C$0.
60 by C$1.05. Methanex had a net margin of 4.
06% and a return on equity of 10.21%. The business had revenue of C$1.
28 billion during the quarter, compared to the consensus estimate of C$1.26 billion. As a group, research analysts expect that Methanex Co.
will post 5.9482927 EPS for the current fiscal year. Insider Transactions at Methanex In related news, Senior Officer Priscilla Fuchslocher sold 7,720 shares of the business’s stock in a transaction dated Monday, December 16th.
The stock was sold at an average price of C$65.39, for a total value of C$504,818.52.
Corporate insiders own 0.35% of the company’s stock. Methanex Company Profile ( Get Free Report ) 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. Read More Five stocks we like better than Methanex REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today Work and Play: Investing in the Rise of Bleisure Travel Airline Stocks – Top Airline Stocks to Buy Now Top Dividend Stocks to Buy Now as Bond Yields Could Lower How to Choose Top Rated Stocks SAP: AI Tailwinds Accelerating Enterprise Cloud Business Receive News & Ratings for Methanex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex and related companies with MarketBeat.
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