Toromont Industries (OTCMKTS:TMTNF) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Toromont Industries Ltd. (OTCMKTS:TMTNFGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $82.36 and traded as low as $80.15. Toromont Industries shares last traded at $80.15, with a volume of 1,379 shares changing hands.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a report on Friday.

Check Out Our Latest Research Report on TMTNF

Toromont Industries Price Performance

The stock has a 50-day moving average of $81.11 and a two-hundred day moving average of $82.36.

About Toromont Industries

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Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.

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