Methanex (TSE:MX) Stock Rating Upgraded by Piper Sandler

Methanex (TSE:MX) (NASDAQ:MEOH) was upgraded by investment analysts at Piper Sandler from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks.com reports.

Methanex Stock Performance

TSE:MX opened at C$57.94 on Wednesday. Methanex has a fifty-two week low of C$53.00 and a fifty-two week high of C$74.25. The company has a debt-to-equity ratio of 131.58, a quick ratio of 1.59 and a current ratio of 1.25. The company has a 50 day moving average price of C$66.93 and a 200 day moving average price of C$64.90. The stock has a market capitalization of C$3.90 billion, a P/E ratio of 19.64, a PEG ratio of 0.44 and a beta of 1.84.

Insider Buying and Selling

In other Methanex news, Director Alejandro Larrive sold 1,000 shares of Methanex stock in a transaction dated 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 company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of C$72.16, for a total transaction of C$72,160.00. Also, Director Xiaoping Yang sold 500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of C$54.90, for a total transaction of C$27,450.00. In the last 90 days, insiders have sold 4,788 shares of company stock valued at $325,421. Corporate insiders own 0.33% of the company’s stock.

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.