Methanex (TSE:MX) Hits New 52-Week High at $73.33

Shares of Methanex Co. (TSE:MX) (NASDAQ:MEOH) reached a new 52-week high during trading on Thursday . The company traded as high as C$73.33 and last traded at C$73.11, with a volume of 65075 shares. The stock had previously closed at C$71.68.

Methanex Trading Up 1.8 %

The stock has a fifty day moving average of C$64.21 and a 200-day moving average of C$61.67. The company has a market cap of C$4.92 billion, a PE ratio of 21.41, a PEG ratio of 0.44 and a beta of 1.91. The company has a debt-to-equity ratio of 136.07, a quick ratio of 1.59 and a current ratio of 1.17.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.40 by C$0.48. The company had revenue of C$1.23 billion for the quarter, compared to the consensus estimate of C$1.23 billion. Methanex had a return on equity of 11.42% and a net margin of 4.64%. Sell-side analysts anticipate that Methanex Co. will post 3.1876155 EPS for the current fiscal year.

Methanex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.25 dividend. This is a boost from Methanex’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. Methanex’s dividend payout ratio (DPR) is presently 29.71%.

Insider Transactions at Methanex

In related news, Director Alejandro Larrive sold 1,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of C$72.16, for a total value of C$72,160.00. 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.