Linamar (OTCMKTS:LIMAF) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Linamar Co. (OTCMKTS:LIMAF) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $65.09 and traded as high as $74.63. Linamar shares last traded at $74.52, with a volume of 1,802 shares trading hands.

Wall Street Analysts Forecast Growth

LIMAF has been the topic of a number of recent research reports. TD Securities restated a “buy” rating on shares of Linamar in a research note on Thursday, May 7th. BMO Capital Markets restated an “outperform” rating on shares of Linamar in a research note on Thursday, May 7th. Finally, Scotiabank restated a “sector perform” rating on shares of Linamar in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Linamar Stock Up 0.9%

The company’s 50 day simple moving average is $65.09 and its 200-day simple moving average is $63.26.

About Linamar

Linamar Corporation is a diversified global manufacturing company headquartered in Guelph, Ontario. The company serves automotive and industrial markets through precision machined and assembled components, modules and systems. Its operations span North America, Europe and Asia, with additional facilities in South America and emerging markets, supporting a broad customer base in passenger vehicles, commercial vehicles, construction, agriculture and energy industries.

In its Mobility segment, Linamar designs and produces powertrain systems, driveline components and other modules for internal combustion and electrified vehicles.