Linamar (OTCMKTS:LIMAF) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Linamar Co. (OTCMKTS:LIMAF)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $62.29 and traded as high as $66.64. Linamar shares last traded at $66.04, with a volume of 10,296 shares changing hands.

Analyst Ratings Changes

Separately, Scotiabank reiterated a “sector perform” rating on shares of Linamar in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Linamar Stock Up 5.5%

The stock’s 50 day simple moving average is $62.57 and its 200 day simple moving average is $56.69.

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.