Mullen Group (OTCMKTS:MLLGF) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Mullen Group Ltd. (OTCMKTS:MLLGF) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.73 and traded as high as $15.14. Mullen Group shares last traded at $15.14, with a volume of 42,928 shares trading hands.

Analysts Set New Price Targets

MLLGF has been the subject of several research analyst reports. BMO Capital Markets reiterated an “outperform” rating on shares of Mullen Group in a research report on Friday, April 24th. Scotiabank reiterated a “sector perform” rating on shares of Mullen Group in a research report on Wednesday, January 21st. TD Securities reiterated a “buy” rating on shares of Mullen Group in a research report on Friday, April 24th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Mullen Group in a research report on Friday, April 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Mullen Group in a research report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Mullen Group Price Performance

The company has a 50 day moving average price of $12.73 and a 200 day moving average price of $11.73.

About Mullen Group

Mullen Group Ltd. is a diversified transportation and logistics company headquartered in Okotoks, Alberta. Founded in 1949 as a regional trucking firm, the company has grown through a combination of organic expansion and targeted acquisitions to become one of Canada’s leading asset-based carriers. Mullen Group provides full-service solutions across a range of industries, with a focus on temperature-controlled freight, bulk and specialized haulage, and dedicated contract carriage.

The company operates through several complementary business segments, including truckload and less-than-truckload (LTL) services, logistics and warehousing, courier and parcel delivery, and international freight forwarding.