Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Trading 2.1% Higher – Should You Buy?

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY)’s stock price shot up 2.1% during trading on Monday . The stock traded as high as $16.64 and last traded at $16.43. 252,847 shares changed 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.

Analyst Upgrades and Downgrades

MGDDY has been the topic of several research analyst reports. HSBC cut shares of 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 Price Performance

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 company has a fifty day moving average of $16.56 and a two-hundred day moving average of $18.27.

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.