Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Sets New 52-Week Low – Time to Sell?

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $16.10 and last traded at $16.16, with a volume of 249586 shares trading hands. The stock had previously closed at $16.24.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Citigroup raised Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a research report on Thursday, September 26th. HSBC lowered shares of 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 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 stock. Based on data from MarketBeat.com, Compagnie Générale des Établissements Michelin Société en commandite par actions has a consensus rating of “Hold”.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Performance

The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average of $18.17 and a 200-day moving average of $19.05.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

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.