Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Sets New 12-Month Low at $13.19

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDYGet Rating)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $13.19 and last traded at $13.55, with a volume of 222987 shares changing hands. The stock had previously closed at $13.72.

Separately, JPMorgan Chase & Co. dropped their price target on Compagnie Générale des Établissements Michelin Société en commandite par actions from €110.00 ($117.02) to €27.50 ($29.26) in a research report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

The business has a 50-day moving average price of $23.00 and a 200-day moving average price of $27.49. The company has a current ratio of 1.67, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05.

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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