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

Linamar Co. (OTCMKTS:LIMAF)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $69.18 and traded as high as $70.3630. Linamar shares last traded at $70.3630, with a volume of 46,714 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LIMAF shares. TD Securities reiterated a “buy” rating on shares of Linamar in a report on Thursday, May 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linamar in a research report on Thursday, May 7th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Linamar in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Linamar Stock Down 1.6%

The firm’s fifty day simple moving average is $69.57 and its 200-day simple moving average is $65.57.

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.