Mitsubishi Motors (OTCMKTS:MMTOF) Stock Passes Below 200 Day Moving Average – Here’s Why

Mitsubishi Motors Co. (OTCMKTS:MMTOF)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.58 and traded as low as $2.40. Mitsubishi Motors shares last traded at $2.40, with a volume of 251 shares trading hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Mitsubishi Motors to a “sell” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Mitsubishi Motors Price Performance

The business’s 50 day moving average is $2.39 and its two-hundred day moving average is $2.58.

About Mitsubishi Motors

Mitsubishi Motors Corporation (OTCMKTS:MMTOF) is a Japan-based automotive manufacturer specializing in the design, development, production and sale of a wide range of vehicles. Its product lineup includes passenger cars, sport utility vehicles (SUVs), pickup trucks and plug-in hybrid electric vehicles (PHEVs). The company operates research and development centers, manufacturing plants and assembly facilities across Asia, Europe, Oceania and North America.

The origins of Mitsubishi Motors trace back to the automotive division of Mitsubishi Heavy Industries, which was established in the early 20th century.