Linamar Co. (TSE:LNR - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on LNR. Scotiabank upped their price target 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 increased their target price for the company from C$59.00 to C$66.00 in a research note on Thursday, May 8th.
Get Our Latest Stock Report on LNR
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 firm has a fifty day moving average price of C$61.64 and a 200 day moving average price of C$55.93. The firm has a market cap of C$4.04 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.
Insider Buying and Selling at Linamar
In related news, Senior Officer Csaba Havasi sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was 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 in the last 90 days. 33.49% of the stock is currently owned by corporate insiders.
Linamar Company Profile
(
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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.
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