Toromont Industries (OTCMKTS:TMTNF) Shares Cross Below Two Hundred Day Moving Average of $79.14

Toromont Industries Ltd. (OTCMKTS:TMTNFGet Rating)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $79.14 and traded as low as $74.69. Toromont Industries shares last traded at $74.69, with a volume of 170 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TMTNF shares. Scotiabank lifted their price target on Toromont Industries from C$114.00 to C$116.00 in a research note on Thursday, November 3rd. Royal Bank of Canada lifted their price target on Toromont Industries from C$122.00 to C$123.00 in a research note on Thursday, November 3rd. Finally, BMO Capital Markets downgraded Toromont Industries from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 9th.

Toromont Industries Stock Down 1.6 %

The stock has a 50 day simple moving average of $74.02 and a 200 day simple moving average of $79.14.

About Toromont Industries

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Toromont Industries Ltd. engages in the distribution of construction equipment, power systems, and refrigeration systems. It operates through the Equipment Group and CIMCO segments. The Equipment Group segment comprises of Toromont CAT, Battlefield, Sitech, and AgWest. The CIMCO segment relates in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets.

Further Reading

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