Linamar (OTCMKTS:LIMAF) Shares Pass Above 50-Day Moving Average – What’s Next?

Shares of Linamar Co. (OTCMKTS:LIMAF) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $60.19 and traded as high as $65.38. Linamar shares last traded at $65.38, with a volume of 7,681 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Scotiabank restated a “sector perform” rating on shares of Linamar in a research report on Tuesday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Linamar has an average rating of “Hold”.

Linamar Trading Up 2.6%

The firm has a 50-day moving average of $60.19 and a 200 day moving average of $55.35.

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.