Mitsubishi Motors (OTCMKTS:MMTOF) Stock Crosses Below 50 Day Moving Average of $3.12

Mitsubishi Motors Co. (OTCMKTS:MMTOFGet Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.12 and traded as low as $2.71. Mitsubishi Motors shares last traded at $2.71, with a volume of 200 shares trading hands.

Mitsubishi Motors Trading Up 4.1 %

The company has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $3.13.

Hedge Funds Weigh In On Mitsubishi Motors

An institutional investor recently raised its position in Mitsubishi Motors stock. Silvercrest Asset Management Group LLC increased its position in shares of Mitsubishi Motors Co. (OTCMKTS:MMTOFFree Report) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,400 shares of the company’s stock after buying an additional 6,000 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Mitsubishi Motors were worth $73,000 at the end of the most recent quarter. 9.78% of the stock is currently owned by institutional investors.

Mitsubishi Motors Company Profile

(Get Free Report)

Mitsubishi Motors Corporation, together with its subsidiaries, engages in the development, production, and sale of passenger vehicles, and its parts and components in Japan, Europe, North America, Oceania, the rest of Asia, and internationally. Its products include EVs/PHEVs, SUVs, pickup trucks, MPVs, and cars under the Mitsubishi brand.

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