Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Hits New 1-Year Low – Should You Sell?

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup raised Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a report on Thursday, September 26th. HSBC cut Compagnie Générale des Établissements Michelin Société en commandite par actions from a “buy” rating to a “hold” rating in a report on Thursday, October 24th.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Up 0.2 %

The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.04. The firm has a 50-day simple moving average of $17.84 and a two-hundred day simple moving average of $18.94.

Compagnie Générale des Établissements Michelin Société en commandite par actions Company Profile

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.