Mitsubishi Motors (OTCMKTS:MMTOF) Stock Passes Below Two Hundred Day Moving Average of $2.98

Mitsubishi Motors Co. (OTCMKTS:MMTOF)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.98 and traded as low as $2.43. Mitsubishi Motors shares last traded at $2.43, with a volume of 200 shares.

Mitsubishi Motors Stock Down 17.1 %

The stock has a fifty day moving average of $2.82 and a two-hundred day moving average of $2.98.

Institutional Investors Weigh In On Mitsubishi Motors

An institutional investor recently raised its position in Mitsubishi Motors stock. Silvercrest Asset Management Group LLC boosted its stake in Mitsubishi Motors Co. (OTCMKTS:MMTOF) by 36.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,400 shares of the company’s stock after acquiring an additional 6,000 shares during the period. 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 hedge funds and other institutional investors.

About Mitsubishi Motors

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.