Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Sets New 12-Month Low Following Analyst Downgrade

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDYGet Rating)’s share price reached a new 52-week low during trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from €110.00 to €27.50. The stock traded as low as $13.47 and last traded at $13.67, with a volume of 301280 shares changing hands. The stock had previously closed at $14.15.

The company’s 50-day moving average price is $24.69 and its 200 day moving average price is $28.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.67.

Compagnie Générale des Établissements Michelin Société en commandite par actions Company Profile (OTCMKTS:MGDDY)

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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