Shares of Michelin (OTCMKTS:MGDDY - Get Free Report) dropped 0.7% on Wednesday . The stock traded as low as $17.71 and last traded at $17.74. Approximately 351,790 shares changed hands during mid-day trading, an increase of 268% from the average daily volume of 95,670 shares. The stock had previously closed at $17.86.
Analyst Ratings Changes
Separately, BNP Paribas upgraded Michelin to a "hold" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Michelin presently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on Michelin
Michelin Price Performance
The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.80. The business has a 50 day simple moving average of $18.25 and a 200-day simple moving average of $18.25.
About Michelin
(
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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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