Michelin (OTCMKTS:MGDDY – Get Free Report) saw strong trading volume on Monday . 220,644 shares changed hands during mid-day trading, an increase of 90% from the previous session’s volume of 116,338 shares.The stock last traded at $16.6999 and had previously closed at $16.75.
Wall Street Analyst Weigh In
Several research firms recently commented on MGDDY. Zacks Research upgraded Michelin from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Citigroup reaffirmed a “buy” rating on shares of Michelin in a research report on Friday, October 10th. UBS Group downgraded shares of Michelin from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 2nd. Oddo Bhf lowered shares of Michelin to a “neutral” rating in a research note on Tuesday, October 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Michelin in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.
Check Out Our Latest Analysis on Michelin
Michelin Trading Down 0.3%
Michelin Company Profile
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.
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