Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Trading Down 2% – Here’s Why

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) shares dropped 2% on Monday . The stock traded as low as $18.14 and last traded at $18.18. Approximately 95,667 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 133,457 shares. The stock had previously closed at $18.55.

Wall Street Analyst Weigh In

MGDDY has been the subject of a number of research analyst 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. Jefferies Financial Group upgraded shares of 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.

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 stock has a 50-day moving average of $19.45 and a 200 day moving average of $19.41.

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.