Linamar Corporation (LNR:CA) Rises 8.44% for March 08

Equities Staff  |

March 08 was a positive day for Linamar Corporation (LNR:CA) as its stock finished the day having gained 8.44% to hit a price of $73.75 a share. The company reached a market cap of 4.82 billion and has 65.36 million shares outstanding. Linamar Corporation is a component of the the S&P/TSX Composite Index.

529,655 shares changed hands over the course of the day as compared to an average volume of 170,517 over the last 30 days for Linamar Corporation.

Linamar Corp is a manufacturing company of engineered products powering vehicles, motion, work and lives. The Company is made up of two operating segments - the Powertrain / Driveline segment and the Industrial segment.. The company makes its home in Guelph, ON, and is currently under the leadership of CEO Linda S. Hasenfratz.

Linamar Corporation has hit a high of $80.58 and reached a low of $54.36 over its last year of trading. The stock’s 50-day SMA is now $71.78 and 200-day SMA is $69.88. As for its price valuations, the P/E ratio is at 8.4 and P/B is now 1.62.

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Launched in 1977, the S&P/TSX Composite Index is widely recognized as the benchmark gauge for the broader Canadian equity market. According to TMX, the index cover approximately 95% of the Canadian equities market and only Canadian-based companies listed on the Toronto Stock Exchange are eligible to be included in the index.

To get more information on Linamar Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: LNR:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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