Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Trading 2.1% Higher – Here’s What Happened

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY)’s stock price shot up 2.1% during mid-day trading on Monday . The stock traded as high as $16.64 and last traded at $16.43. 252,847 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 201,282 shares. The stock had previously closed at $16.09.

Wall Street Analysts Forecast Growth

MGDDY has been the subject of several research analyst reports. HSBC cut 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. Citigroup raised Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a research report on Thursday, September 26th.

Compagnie Générale des Établissements Michelin Société en commandite par actions Trading Up 2.1 %

The firm’s fifty day moving average price is $16.56 and its 200-day moving average price is $18.27. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.04.

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.