Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Sets New 1-Year Low – Here’s What Happened

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY)’s share price hit a new 52-week low on Friday . The company traded as low as $15.73 and last traded at $15.79, with a volume of 1472363 shares. The stock had previously closed at $16.21.

Wall Street Analyst Weigh In

A number of brokerages have commented on MGDDY. HSBC lowered shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Citigroup upgraded 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.

Compagnie Générale des Établissements Michelin Société en commandite par actions Trading Down 2.6 %

The firm’s 50 day moving average is $16.52 and its two-hundred day moving average is $18.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.82.

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.