Linamar (TSE:LNR) Hits New 1-Year Low - Here's What Happened

Linamar Co. (TSE:LNR - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$43.85 and last traded at C$44.21, with a volume of 164088 shares. The stock had previously closed at C$46.29.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. CIBC cut Linamar from an "outperform" rating to a "neutral" rating and cut their target price for the stock from C$82.00 to C$55.00 in a research note on Wednesday, March 5th. TD Securities decreased their price target on shares of Linamar from C$66.00 to C$60.00 and set a "hold" rating for the company in a research report on Thursday, March 6th. BMO Capital Markets reduced their target price on shares of Linamar from C$75.00 to C$65.00 in a report on Thursday, March 6th. Finally, Cibc World Mkts cut Linamar from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th.

Linamar Stock Performance

The company has a current ratio of 1.79, a quick ratio of 0.75 and a debt-to-equity ratio of 42.84. The stock has a market cap of C$2.93 billion, a price-to-earnings ratio of 4.99, a PEG ratio of 1.12 and a beta of 1.41. The stock's 50 day moving average is C$51.26 and its two-hundred day moving average is C$56.83.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.