Michelin (OTCMKTS:MGDDY) Hits New 12-Month Low – Should You Sell?

Shares of Michelin (OTCMKTS:MGDDY) reached a new 52-week low on Tuesday . The company traded as low as $15.58 and last traded at $15.59, with a volume of 381893 shares changing hands. The stock had previously closed at $17.08.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MGDDY shares. BNP Paribas upgraded Michelin to a “hold” rating in a report on Thursday, July 10th. Citigroup reaffirmed a “buy” rating on shares of Michelin in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Michelin Price Performance

The company has a current ratio of 1.80, a quick ratio of 1.12 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $18.17 and a 200 day moving average of $18.22.

Michelin 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.