Shares of Michelin (OTCMKTS:MGDDY – Get Free Report) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.
MGDDY has been the topic of a number of analyst reports. Zacks Research upgraded shares of Michelin from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Citigroup reaffirmed a “buy” rating on shares of Michelin in a research report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Michelin in a report on Tuesday, July 28th.
View Our Latest Stock Analysis on MGDDY
Michelin Stock Performance
MGDDY opened at $17.43 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $19.24 and a 200 day moving average of $19.06. Michelin has a 12 month low of $15.35 and a 12 month high of $20.57.
Michelin Company Profile
Michelin is a France-based global manufacturer best known for designing, producing and distributing tires. Its products serve passenger cars, motorcycles, trucks, buses, aircraft, agricultural equipment, mining vehicles, construction machinery and other specialized applications. The company also provides tire-related services, fleet solutions and digital tools intended to support mobility, safety and operational efficiency.
Founded in 1889 by brothers André and Édouard Michelin in Clermont-Ferrand, France, Michelin has expanded from a regional tire maker into an international mobility company.
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