Linamar (OTCMKTS:LIMAF) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Linamar Co. (OTCMKTS:LIMAF)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-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.

Analysts Set New Price Targets

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

Linamar Stock Performance

The firm has a fifty day moving average price of $71.31 and a two-hundred day moving average price of $66.34.

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.