Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Trading 0.2% Higher – Still a Buy?

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) 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 changed hands during trading, an increase of 88% from the average daily volume of 141,609 shares. The stock had previously closed at $16.30.

Wall Street Analyst Weigh In

MGDDY has been the subject of a number of research reports. Citigroup upgraded Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a report on Thursday, September 26th. HSBC downgraded shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from a “buy” rating to a “hold” rating in a research note 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 note on Thursday, July 25th. One research 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 a consensus rating of “Hold”.

Compagnie Générale des Établissements Michelin Société en commandite par actions Trading Up 0.2 %

The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $18.64 and its two-hundred day moving average price is $19.20.

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

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.