Linamar (TSE:LNR) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Linamar Co. (TSE:LNR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$80.15 and traded as high as C$95.07. Linamar shares last traded at C$94.67, with a volume of 105,252 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LNR. Canadian Imperial Bank of Commerce lifted their price objective on shares of Linamar from C$88.00 to C$99.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. TD Securities boosted their target price on Linamar from C$96.00 to C$103.00 in a research report on Thursday, February 5th. Finally, Scotiabank boosted their price objective on shares of Linamar from C$83.00 to C$98.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$92.00.

Linamar Trading Down 0.7%

The company has a market capitalization of C$5.62 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.12 and a beta of 1.60. The company has a 50 day simple moving average of C$88.30 and a 200 day simple moving average of C$80.33. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79.

Insider Buying and Selling

In other Linamar news, insider Alexander Drolc sold 427 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of C$88.00, for a total value of C$37,576.00. 33.49% of the stock is owned by company insiders.

About Linamar

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company’s Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.