Linamar (TSE:LNR) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Linamar Co. (TSE:LNR - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$56.33 and traded as high as C$67.17. Linamar shares last traded at C$66.74, with a volume of 51,915 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LNR shares. Scotiabank increased their price target on shares of Linamar from C$61.00 to C$66.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. CIBC raised their target price on shares of Linamar from C$57.00 to C$68.00 in a report on Thursday. Finally, TD Securities raised shares of Linamar from a "hold" rating to a "buy" rating and raised their price target for the stock from C$59.00 to C$66.00 in a research note on Thursday, May 8th.

Linamar Price Performance

The company's 50-day moving average is C$63.75 and its 200-day moving average is C$56.48. The company has a debt-to-equity ratio of 42.84, a current ratio of 1.79 and a quick ratio of 0.75. The firm has a market capitalization of C$4.07 billion, a price-to-earnings ratio of 6.95, a PEG ratio of 1.12 and a beta of 1.41.

Insiders Place Their Bets

In other news, Senior Officer Csaba Havasi sold 4,000 shares of Linamar stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of C$61.96, for a total transaction of C$247,848.00. Insiders have sold 6,100 shares of company stock worth $356,349 over the last 90 days. Insiders own 33.49% of the company's stock.

About Linamar

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.