Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Sets New 52-Week Low – Here’s What Happened

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY)’s share price 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 Ratings Changes

Several research firms have issued reports on MGDDY. 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. HSBC lowered 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 current ratio of 1.82 and a quick ratio of 1.11. The firm has a 50-day moving average of $16.51 and a 200 day moving average of $18.18.

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.