Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Trading 0.2% Higher – Here’s What Happened

Posted by Anthony Miller on Nov 16th, 2024

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY – Get Free Report) shares rose 0.2% during mid-day trading on Thursday . The company traded as high as $16.54 and last traded at $16.33. Approximately 266,232 shares were traded during trading, an increase of 88% from the average daily volume of 141,609 shares. The stock had previously closed at $16.30.

Analyst Ratings Changes

MGDDY has been the topic of a number of recent research reports. Jefferies Financial Group raised Compagnie Générale des Établissements Michelin Société en commandite par actions from an “underperform” rating to a “hold” rating in a research report on Thursday, July 25th. HSBC downgraded Compagnie Générale des Établissements Michelin Société en commandite par actions from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Citigroup raised Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Check Out Our Latest Research Report on Compagnie Générale des Établissements Michelin Société en commandite par actions

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.82 and a quick ratio of 1.11. The company’s fifty day moving average is $18.50 and its two-hundred day moving average is $19.15.

Compagnie Générale des Établissements Michelin Société en commandite par actions Company Profile

(Get Free Report)

Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.