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

Linamar Co. (OTCMKTS:LIMAF) 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 traded.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Linamar in a report on Thursday, May 7th. TD Securities reissued a “buy” rating on shares of Linamar in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Linamar in a research report on Tuesday, July 14th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Linamar in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Linamar presently has a consensus rating of “Moderate Buy”.

Linamar Price Performance

The firm’s fifty day moving average is $71.96 and its 200-day moving average is $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.