Linamar (OTCMKTS:LIMAF) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Linamar Co. (OTCMKTS:LIMAF) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $55.52 and traded as high as $62.43. Linamar shares last traded at $62.43, with a volume of 13,934 shares traded.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reaffirmed a “sector perform” rating on shares of Linamar in a research note on Friday, October 17th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Linamar Stock Up 0.9%

The business’s 50 day simple moving average is $55.52 and its 200-day simple moving average is $52.60.

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.