Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $33.73 and traded as high as $34.82. Compagnie Générale des Établissements Michelin Société en commandite par actions shares last traded at $34.82, with a volume of 552 shares changing hands.

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

The business’s 50 day moving average price is $33.73 and its 200 day moving average price is $35.48.

Institutional Investors Weigh In On Compagnie Générale des Établissements Michelin Société en commandite par actions

A hedge fund recently bought a new stake in Compagnie Générale des Établissements Michelin Société en commandite par actions stock. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 29,068 shares of the company’s stock, valued at approximately $956,000. Institutional investors own 33.43% of the company’s stock.

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.