Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDY) Hits New 1-Year Low at $11.06

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS:MGDDYGet Rating) shares hit a new 52-week low during trading on Friday . The stock traded as low as $11.06 and last traded at $11.17, with a volume of 247126 shares traded. The stock had previously closed at $11.84.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Compagnie Générale des Établissements Michelin Société en commandite par actions from €27.50 ($28.06) to €23.50 ($23.98) in a report on Wednesday, August 24th. Royal Bank of Canada reduced their price objective on Compagnie Générale des Établissements Michelin Société en commandite par actions from €44.00 ($44.90) to €36.00 ($36.73) in a report on Thursday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Compagnie Générale des Établissements Michelin Société en commandite par actions from €170.00 ($173.47) to €40.00 ($40.82) and set a “buy” rating on the stock in a report on Friday, July 8th.

Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Performance

The stock has a 50 day moving average price of $12.97 and a two-hundred day moving average price of $19.67. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.67 and a quick ratio of 1.09.

Compagnie Générale des Établissements Michelin Société en commandite par actions Company Profile

(Get Rating)

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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