Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Hits New 12-Month Low – Time to Sell?

Shares of Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) reached a new 52-week low during trading on Friday . The company traded as low as $16.05 and last traded at $16.25, with a volume of 181077 shares traded. The stock had previously closed at $16.21.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Citigroup raised shares of Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a research note on Thursday, September 26th. HSBC cut shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th.

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

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.11 and a current ratio of 1.82. The firm’s 50 day moving average is $17.76 and its 200-day moving average is $18.91.

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.