Mullen Group (OTCMKTS:MLLGF) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Mullen Group Ltd. (OTCMKTS:MLLGF)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.40 and traded as high as $12.05. Mullen Group shares last traded at $12.04, with a volume of 7,700 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MLLGF shares. TD Securities reiterated a “buy” rating on shares of Mullen Group in a research note on Thursday, October 23rd. CIBC reiterated a “neutral” rating on shares of Mullen Group in a research report on Thursday, January 8th. Scotiabank reiterated a “sector perform” rating on shares of Mullen Group in a research note on Wednesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Mullen Group in a report on Thursday, October 23rd. Finally, Raymond James Financial lowered shares of Mullen Group from an “outperform” rating to a “market perform” rating in a report on Monday, December 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Mullen Group has a consensus rating of “Moderate Buy”.

Mullen Group Trading Down 1.1%

The business’s fifty day simple moving average is $11.20 and its 200 day simple moving average is $10.40.

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.