Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Hits New 52-Week Low at $11.06

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDYGet Rating)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $11.06 and last traded at $11.17, with a volume of 247126 shares changing hands. The stock had previously closed at $11.84.

Wall Street Analysts Forecast Growth

MGDDY has been the subject of several recent analyst reports. Royal Bank of Canada cut their target price on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from €44.00 ($44.90) to €36.00 ($36.73) in a research note on Thursday, July 28th. JPMorgan Chase & Co. cut their target price on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from €27.50 ($28.06) to €23.50 ($23.98) in a research note on Wednesday, August 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Compagnie Générale des Établissements Michelin Société en commandite par actions from €170.00 ($173.47) to €40.00 ($40.82) and set a “buy” rating for the company in a research report on Friday, July 8th.

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

The company’s 50-day simple moving average is $12.97 and its 200-day simple moving average is $19.67. The company has a current ratio of 1.67, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05.

About Compagnie Générale des Établissements Michelin Société en commandite par actions

(Get Rating)

Compagnie Générale des Établissements Michelin Société en commandite par actions manufactures and sells tires worldwide. The company offers tires for private use covering cars, racing, biking, motorcycles, scooters, and mopeds; and professional use, such as freight and people transport, agriculture, construction and industrial, mining and quarries, corporate fleets, tradesmen and professionals, civil and military operations, light rail, and aircraft.

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