Insider Selling: Methanex Co. (TSE:MX) Senior Officer Sells 7,720 Shares of Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Senior Officer Priscilla Fuchslocher sold 7,720 shares of the 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.

Methanex Stock Up 2.5 %

Methanex stock traded up C$1.64 during midday trading on Tuesday, reaching C$67.03. The stock had a trading volume of 89,312 shares, compared to its average volume of 108,952. The company has a fifty day moving average price of C$60.45 and a two-hundred day moving average price of C$62.19. The company has a market capitalization of C$4.52 billion, a P/E ratio of 22.54, a PEG ratio of 0.44 and a beta of 1.79. The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58. Methanex Co. has a 12 month low of C$49.21 and a 12 month high of C$74.25.

Methanex (TSE:MX) (NASDAQ:MEOH) last issued its earnings results on Wednesday, November 6th. The company reported C$1.65 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.60 by C$1.05. Methanex had a return on equity of 10.21% and a net margin of 4.06%. The company had revenue of C$1.28 billion for the quarter, compared to analyst estimates of C$1.26 billion. As a group, equities analysts expect that Methanex Co. will post 5.9482927 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on MX. Cibc World Mkts upgraded Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Tudor Pickering upgraded shares of Methanex to a “strong-buy” rating in a research report on Wednesday, September 11th. Finally, Barclays lowered shares of Methanex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th.

About Methanex

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.