Linamar (TSE:LNR) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Shares of Linamar Co. (TSE:LNR - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$55.50 and traded as high as C$64.50. Linamar shares last traded at C$64.30, with a volume of 63,716 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. TD Securities raised shares of Linamar from a "hold" rating to a "buy" rating and upped their price objective for the stock from C$59.00 to C$66.00 in a report on Thursday, May 8th. Scotiabank upped 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 World Mkts downgraded shares of Linamar from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. BMO Capital Markets cut their price target on shares of Linamar from C$75.00 to C$65.00 in a report on Thursday, March 6th. Finally, CIBC downgraded shares of Linamar from an "outperform" rating to a "neutral" rating and cut their price target for the company from C$82.00 to C$55.00 in a report on Wednesday, March 5th.

Linamar Stock Up 0.7%

The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. The company has a market capitalization of C$3.88 billion, a price-to-earnings ratio of 6.62, a P/E/G ratio of 1.12 and a beta of 1.41. The stock's fifty day simple moving average is C$56.57 and its two-hundred day simple moving average is C$55.47.

Insiders Place Their Bets

In other Linamar news, Senior Officer Csaba Havasi sold 4,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of C$61.96, for a total transaction of C$247,848.00. Corporate 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.