Michelin (OTCMKTS:MGDDY) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Michelin (OTCMKTS:MGDDY) have earned an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.

MGDDY has been the subject of a number of recent analyst reports. Citigroup reiterated a “buy” rating on shares of Michelin in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Michelin in a research note on Tuesday, July 28th.

Michelin Stock Performance

MGDDY stock opened at $17.88 on Friday. The business’s fifty day moving average is $19.07 and its 200-day moving average is $18.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.65 and a quick ratio of 1.02. Michelin has a twelve month low of $15.35 and a twelve month high of $20.57.

About Michelin

Michelin is a France-based global manufacturer best known for designing, producing and distributing tires. Its products serve passenger cars, motorcycles, trucks, buses, aircraft, agricultural equipment, mining vehicles, construction machinery and other specialized applications. The company also provides tire-related services, fleet solutions and digital tools intended to support mobility, safety and operational efficiency.

Founded in 1889 by brothers André and Édouard Michelin in Clermont-Ferrand, France, Michelin has expanded from a regional tire maker into an international mobility company.