Michelin (OTCMKTS:MGDDY - Get Free Report) dropped 0.8% on Friday . The company traded as low as $18.01 and last traded at $18.06. Approximately 104,751 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 254,885 shares. The stock had previously closed at $18.20.
Analyst Ratings Changes
Separately, BNP Paribas raised Michelin to a "hold" rating in a report on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy".
Check Out Our Latest Stock Report on Michelin
Michelin Stock Down 1.1%
The company has a 50 day moving average of $18.47 and a 200 day moving average of $18.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.80 and a quick ratio of 1.12.
Michelin Company Profile
(
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Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services. The company operates through the following segments: Passenger car and Light truck tires and related distribution, Truck tires and related distribution, and Specialty businesses.
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