Toromont Industries (OTCMKTS:TMTNF) Shares Cross Below 200-Day Moving Average – Should You Sell?

Toromont Industries Ltd. (OTCMKTS:TMTNFGet Free Report)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $91.02 and traded as low as $88.80. Toromont Industries shares last traded at $88.80, with a volume of 266 shares trading hands.

Analyst Ratings Changes

Separately, BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a report on Friday, October 18th.

Read Our Latest Stock Report on TMTNF

Toromont Industries Price Performance

The company has a fifty day moving average price of $92.76 and a two-hundred day moving average price of $90.95.

About Toromont Industries

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Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.

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