Toromont Industries (OTCMKTS:TMTNF) Shares Cross Above 50 Day Moving Average – Here’s Why

Toromont Industries Ltd. (OTCMKTS:TMTNFGet Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $80.05 and traded as high as $81.22. Toromont Industries shares last traded at $81.22, with a volume of 32,265 shares.

Analyst Ratings Changes

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

View Our Latest Analysis on TMTNF

Toromont Industries Trading Down 0.5 %

The business’s fifty day moving average price is $80.05 and its two-hundred day moving average price is $86.80.

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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