Linamar (OTCMKTS:LIMAF) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Linamar Co. (OTCMKTS:LIMAF) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $69.93 and traded as low as $63.92. Linamar shares last traded at $64.85, with a volume of 12,650 shares trading hands.

Analyst Ratings Changes

LIMAF has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Linamar in a research report on Thursday, August 13th. BMO Capital Markets downgraded shares of Linamar from an “outperform” rating to a “market perform” rating in a report on Friday, September 18th. Finally, Scotiabank reissued a “sector perform” rating on shares of Linamar in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Linamar Stock Down 2.4%

The company’s fifty day moving average price is $69.62 and its 200-day moving average price is $69.96.

About Linamar

Linamar Corporation is a Canadian diversified manufacturing company headquartered in Guelph, Ontario. The company develops and produces precision-engineered components, systems and equipment for the mobility and industrial markets, serving original equipment manufacturers and other customers worldwide.

Through its Mobility segment, Linamar supplies powertrain, driveline, chassis, structural and other vehicle components, including products supporting hybrid and electric vehicle platforms.