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. Bruce Norman Johnson, a Senior Officer, acquired 2,000 Common Shares on a direct ownership basis at a price of $12.760 through the public market on June 9th, 2023. This represents a $25,520 investment into the company's shares and an account share holdings change of 3.2%.

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.