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

Linamar Co. (OTCMKTS:LIMAF)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $61.22 and traded as high as $66.6750. Linamar shares last traded at $66.10, with a volume of 38,805 shares.

Analyst Upgrades and Downgrades

Separately, Scotiabank reissued a “sector perform” rating on shares of Linamar in a research note on Tuesday, January 27th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Linamar Price Performance

The business has a fifty day moving average of $61.22 and a 200 day moving average of $55.95.

Linamar Company Profile

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.