Shares of Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY - Get Free Report) shot up 0.2% on Thursday . The company traded as high as $16.54 and last traded at $16.33. 266,232 shares traded hands during trading, an increase of 88% from the average session volume of 141,609 shares. The stock had previously closed at $16.30.
Analysts Set New Price Targets
MGDDY has been the subject of a number of analyst reports. 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. HSBC cut shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group raised 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold".
Read Our Latest Report on Compagnie Générale des Établissements Michelin Société en commandite par actions
Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Performance
The company has a fifty day simple moving average of $18.57 and a 200-day simple moving average of $19.18. 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
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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.
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