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

Toromont Industries Ltd. (OTCMKTS:TMTNF) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 trading hands.

Analyst Ratings Changes

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

Toromont Industries Trading Down 0.5 %

The business has a 50-day simple moving average of $80.05 and a 200-day simple moving average of $86.80.

About Toromont Industries

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.