Michelin (OTCMKTS:MGDDY) Sees Unusually-High Trading Volume – Here’s What Happened

Posted by Stanley Muller on Aug 13th, 2026

Shares of Michelin (OTCMKTS:MGDDY – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 344,247 shares changed hands during mid-day trading, an increase of 152% from the previous session’s volume of 136,577 shares.The stock last traded at $20.04 and had previously closed at $19.91.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Zacks Research raised shares of Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Michelin in a report on Tuesday, July 28th. Finally, Citigroup reiterated a “buy” rating on shares of Michelin in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Michelin presently has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on Michelin

Michelin Price Performance

The company’s 50-day moving average is $19.46 and its two-hundred day moving average is $18.74. The company has a current ratio of 1.90, a quick ratio of 1.22 and a debt-to-equity ratio of 0.04.

Michelin Company Profile

(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.