Linamar (OTCMKTS:LIMAF) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

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

A number of research firms have recently weighed in on LIMAF. TD Securities reaffirmed a “buy” rating on shares of Linamar in a research report on Thursday, May 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linamar in a report on Thursday, May 7th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Linamar in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Linamar Price Performance

The company has a 50-day moving average price of $71.31 and a 200 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.