Michelin (OTCMKTS:MGDDY) Reaches New 1-Year High – Here’s What Happened

Posted by Brian Himes on Aug 26th, 2026

Shares of Michelin (OTCMKTS:MGDDY – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.4950 and last traded at $20.4950, with a volume of 2892 shares. The stock had previously closed at $20.41.

Analyst Ratings Changes

MGDDY has been the subject of a number of research reports. Zacks Research upgraded Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Michelin in a research report on Tuesday, July 28th. Finally, Citigroup restated a “buy” rating on shares of Michelin in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Get Our Latest Stock Report on Michelin

Michelin Stock Performance

The company’s 50-day simple moving average is $19.68 and its two-hundred day simple moving average is $18.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.90 and a quick ratio of 1.22.

About Michelin

(Get Free Report)

Michelin (OTCMKTS: MGDDY) is a French multinational tire manufacturer founded in 1889 and headquartered in Clermont-Ferrand, France. Over more than a century the company has grown into one of the world’s leading tiremakers, serving passenger car, truck, motorcycle, bicycle, agricultural, construction and aviation markets. Michelin has a global footprint with manufacturing facilities, research centers and commercial operations across multiple regions to supply OEMs, replacement markets and large commercial fleets.

The company’s core business is the design, manufacture and sale of tires and related products.