VANCOUVER, British Columbia, June 29, 2019 – Shares of Methanex Corporation (NASDAQ: MEOH) inclined 1.02% to $45.46. The stock grabbed the investor’s attention and traded 348.939K shares as compared to its average daily volume of 412.64K shares. The stock’s institutional ownership stands at 74.80%.
Methanex Corp. (MEOH) reported first-quarter profit of $38.0M. On a per-share basis, the Vancouver, British Columbia-based company said it had net income of 50 cents. Earnings, adjusted for non-recurring costs, came to 73 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share. The methanol supplier posted revenue of $733.0M in the period.
MEOH has a market value of $3.51B while its EPS was booked as $5.52 in the last 12 months. The stock has 77.26M shares outstanding. In the profitability analysis, the company has gross profit margin of 25.00% while net profit margin was 11.80%. Beta value of the company was 1.69; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.70.