Mullen Group (OTCMKTS:MLLGF) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Mullen Group Ltd. (OTCMKTS:MLLGF)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.86 and traded as high as $10.31. Mullen Group shares last traded at $10.31, with a volume of 15,600 shares traded.

Analyst Ratings Changes

MLLGF has been the subject of a number of research analyst reports. Desjardins initiated coverage on shares of Mullen Group in a research report on Monday, May 12th. They issued a “buy” rating for the company. CIBC reaffirmed an “outperform” rating on shares of Mullen Group in a report on Tuesday, May 20th. Finally, Raymond James raised shares of Mullen Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd.

Mullen Group Price Performance

The stock’s 50-day moving average is $9.55 and its two-hundred day moving average is $9.86.

About Mullen Group

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.