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

Linamar Co. (OTCMKTS:LIMAFGet Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $54.37 and traded as high as $59.16. Linamar shares last traded at $59.0550, with a volume of 1,004 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Scotiabank reissued a “sector perform” rating on shares of Linamar in a report on Friday, October 17th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Linamar presently has a consensus rating of “Hold”.

Read Our Latest Analysis on LIMAF

Linamar Trading Up 0.1%

The company’s 50-day moving average is $54.37 and its 200-day moving average is $51.95.

Linamar Company Profile

(Get Free Report)

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.

Further Reading

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