Kyung Wan (Fred) Lee Sells 7,975 Shares of Methanex (TSE:MX) Stock

Methanex Co. (TSE:MX – Get Free Report) (NASDAQ:MEOH) insider Kyung Wan (Fred) Lee sold 7,975 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$88.02, for a total value of C$701,959.50. Following the completion of the transaction, the insider directly owned 5,025 shares in the company, valued at approximately C$442,300.50. This represents a 61.35% decrease in their ownership of the stock.

Methanex Stock Down 4.8%

TSE MX opened at C$80.34 on Friday. The stock’s 50 day moving average is C$83.61 and its 200 day moving average is C$69.65. The company has a current ratio of 1.96, a quick ratio of 1.59 and a debt-to-equity ratio of 143.44. Methanex Co. has a 12 month low of C$44.57 and a 12 month high of C$92.97. The stock has a market cap of C$6.22 billion, a PE ratio of -110.05, a P/E/G ratio of 0.44 and a beta of 0.56.

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Methanex (TSE:MX – Get Free Report) (NASDAQ:MEOH) last posted its quarterly earnings results on Thursday, March 5th. The company reported C($0.19) EPS for the quarter. Methanex had a negative return on equity of 1.84% and a negative net margin of 1.26%.The business had revenue of C$1.28 billion during the quarter. Research analysts predict that Methanex Co. will post 5.9482927 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MX. Royal Bank Of Canada cut Methanex from a “moderate buy” rating to a “hold” rating in a report on Wednesday, April 1st. Canadian Imperial Bank of Commerce cut Methanex from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Methanex presently has an average rating of “Moderate Buy” and a consensus price target of C$50.00.

Check Out Our Latest Analysis on MX

About Methanex

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Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.

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