Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Sets New 1-Year Low – Here’s What Happened

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) shares hit a new 52-week low on Friday . The company traded as low as $15.73 and last traded at $15.79, with a volume of 1472363 shares changing hands. The stock had previously closed at $16.21.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MGDDY. HSBC downgraded 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. 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.

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

The company has a fifty day simple moving average of $16.52 and a two-hundred day simple moving average of $18.22. The company has a quick ratio of 1.11, a current ratio of 1.82 and a debt-to-equity ratio of 0.04.

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.