Linamar (TSE:LNR) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Linamar Co. (TSE:LNR - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$55.93 and traded as high as C$66.90. Linamar shares last traded at C$65.99, with a volume of 106,958 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LNR shares. Scotiabank lifted their target price on shares of Linamar from C$61.00 to C$66.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. TD Securities raised shares of Linamar from a "hold" rating to a "buy" rating and lifted their target price for the stock from C$59.00 to C$66.00 in a research report on Thursday, May 8th.

Linamar Price Performance

The stock's 50-day moving average is C$61.64 and its 200 day moving average is C$55.93. The stock has a market capitalization of C$4.06 billion, a PE ratio of 6.92, a P/E/G ratio of 1.12 and a beta of 1.41. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84.

Insider Buying and Selling

In other Linamar news, Senior Officer Csaba Havasi sold 4,000 shares of the business's 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 value of C$247,848.00. Insiders have sold 6,100 shares of company stock worth $356,349 over the last quarter. 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.