Linamar (OTCMKTS:LIMAF) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Linamar Co. (OTCMKTS:LIMAF) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $71.96 and traded as high as $73.75. Linamar shares last traded at $73.75, with a volume of 2,999 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Scotiabank restated a “sector perform” rating on shares of Linamar in a report on Monday. BMO Capital Markets reissued an “outperform” rating on shares of Linamar in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Linamar in a research note on Tuesday, July 14th. Finally, TD Securities reissued a “buy” rating on shares of Linamar in a research note on Thursday, May 7th. Three 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, the stock currently has an average rating of “Moderate Buy”.

Linamar Stock Performance

The stock has a 50-day moving average price of $71.96 and a 200 day moving average price of $66.84.

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.