Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Hits New 12-Month Low – What’s Next?

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) reached 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 Upgrades and Downgrades

MGDDY has been the subject of a number of recent research reports. 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. Citigroup upgraded Compagnie Générale des Établissements Michelin Société en commandite par actions to a “strong-buy” rating in a research note on Thursday, September 26th.

Compagnie Générale des Établissements Michelin Société en commandite par actions Trading Down 2.6 %

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 stock’s 50-day simple moving average is $16.51 and its 200 day simple moving average is $18.18.

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.