Martinrea International (MRE) has notable insider buying

Martinrea International (T:MRE)

Martinrea International Inc. (MRE) has a high amount of executive buying compared to its mid-cap peers over the past three months.Peter Cirulis, a Senior Officer, acquired 3,322 Common Shares on a direct ownership basis at prices ranging from US$8.740 and US$9.000 through the public market between March 16th, 2023 and March 17th, 2023. This represents a $40,679 investment into the company's shares and an account share holdings change of 5.6%.

Martinrea International Inc. is a Canada-based diversified and global automotive supplier. The Company focuses on the development and production of metal parts, assemblies and modules, fluid management systems, and complex aluminum products focused primarily on the automotive sector. The Company is engaged in the design, development and manufacturing of highly engineered, value-added lightweight structures and propulsion systems. The Company's operations are segmented on a geographic basis between North America, Europe, and the Rest of the World. The Company's offerings include a wide array of products, assemblies and systems for small and large cars, crossovers, pickups and sport utility vehicles. The Company's solutions include lightweight structures, propulsion systems, flexible manufacturing, and graphene technology. The Company operates in approximately 57 locations in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain, China, South Africa, and Japan.