Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY - Get Free Report) was downgraded by HSBC from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports.
A number of other research firms have also weighed in on MGDDY. Jefferies Financial Group upgraded Compagnie Générale des Établissements Michelin Société en commandite par actions from an "underperform" rating to a "hold" rating in a research note on Thursday, July 25th. Citigroup upgraded Compagnie Générale des Établissements Michelin Société en commandite par actions to a "strong-buy" rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold".
Check Out Our Latest Stock Report on MGDDY
Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Down 4.6 %
MGDDY stock traded down $0.81 during midday trading on Thursday, reaching $16.75. The stock had a trading volume of 971,266 shares, compared to its average volume of 137,642. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.82. The firm has a fifty day simple moving average of $19.45 and a two-hundred day simple moving average of $19.41. Compagnie Générale des Établissements Michelin Société en commandite par actions has a 52-week low of $14.11 and a 52-week high of $20.86.
About Compagnie Générale des Établissements Michelin Société en commandite par actions
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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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