Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Sets New 12-Month Low – Here’s Why

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $16.10 and last traded at $16.16, with a volume of 249586 shares changing hands. The stock had previously closed at $16.24.

Analyst Upgrades and Downgrades

MGDDY has been the subject of a number of recent research reports. Citigroup raised shares of Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a research note on Thursday, September 26th. 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, Jefferies Financial Group upgraded 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Down 0.5 %

The stock has a 50-day moving average price of $18.31 and a 200 day moving average price of $19.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.82 and a quick ratio of 1.11.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

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.