Mitsubishi Motors (OTCMKTS:MMTOF) Stock Passes Above 50-Day Moving Average – Should You Sell?

Mitsubishi Motors Co. (OTCMKTS:MMTOF) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.81 and traded as high as $2.84. Mitsubishi Motors shares last traded at $2.84, with a volume of 200 shares traded.

Mitsubishi Motors Stock Performance

The company has a 50 day simple moving average of $2.81 and a two-hundred day simple moving average of $2.80.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Mitsubishi Motors stock. Silvercrest Asset Management Group LLC raised its holdings in shares of Mitsubishi Motors Co. (OTCMKTS:MMTOF) by 36.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,400 shares of the company’s stock after buying 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 reporting period. Hedge funds and other institutional investors own 9.78% of the company’s stock.

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.