Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Stock Price Up 0.2% – Still a Buy?

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) shares shot up 0.2% on Thursday . The company traded as high as $16.54 and last traded at $16.33. 266,232 shares were traded during mid-day trading, an increase of 88% from the average session volume of 141,609 shares. The stock had previously closed at $16.30.

Analyst Ratings Changes

A number of brokerages have weighed in on MGDDY. Citigroup upgraded shares of Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a research report on Thursday, September 26th. 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. Finally, HSBC downgraded Compagnie Générale des Établissements Michelin Société en commandite par actions from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Up 0.2 %

The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $18.64 and its two-hundred day simple moving average is $19.20.

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.