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

Linamar Co. (OTCMKTS:LIMAF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $71.31 and traded as high as $71.9620. Linamar shares last traded at $71.7520, with a volume of 7,054 shares trading hands.

Analyst Upgrades and Downgrades

LIMAF has been the topic of a number of analyst reports. TD Securities reissued a “buy” rating on shares of Linamar in a research report on Thursday, May 7th. BMO Capital Markets restated an “outperform” rating on shares of Linamar in a research note on Thursday, May 7th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Linamar in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Linamar Stock Performance

The business’s 50 day simple moving average is $71.31 and its 200-day simple moving average is $66.34.

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.