Mullen Group (OTCMKTS:MLLGF) Shares Cross Above 200 Day Moving Average – What’s Next?

Mullen Group Ltd. (OTCMKTS:MLLGF)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.79 and traded as high as $10.36. Mullen Group shares last traded at $10.36, with a volume of 5,053 shares trading hands.

Analyst Upgrades and Downgrades

MLLGF has been the subject of a number of analyst reports. Desjardins assumed coverage on shares of Mullen Group in a research note on Monday, May 12th. They set a “buy” rating for the company. Raymond James Financial raised Mullen Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 23rd. Finally, CIBC restated an “outperform” rating on shares of Mullen Group in a research report on Tuesday, May 20th.

Mullen Group Stock Performance

The stock’s 50-day moving average is $9.93 and its 200-day moving average is $9.79.

About Mullen Group

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.