Michelin (OTCMKTS:MGDDY) Given Consensus Rating of “Hold” by Analysts

Michelin (OTCMKTS:MGDDY) has been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company.

MGDDY has been the subject of a number of research reports. Barclays raised shares of Michelin from an “underweight” rating to an “equal weight” rating in a report on Tuesday, April 14th. Zacks Research downgraded shares of Michelin from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th.

Michelin Stock Up 2.3%

OTCMKTS MGDDY opened at $18.98 on Friday. Michelin has a 12 month low of $14.82 and a 12 month high of $20.48. The company has a current ratio of 1.90, a quick ratio of 1.22 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average price is $18.52 and its two-hundred day moving average price is $18.04.

About Michelin

Michelin (OTCMKTS: MGDDY) is a French multinational tire manufacturer founded in 1889 and headquartered in Clermont-Ferrand, France. Over more than a century the company has grown into one of the world’s leading tiremakers, serving passenger car, truck, motorcycle, bicycle, agricultural, construction and aviation markets. Michelin has a global footprint with manufacturing facilities, research centers and commercial operations across multiple regions to supply OEMs, replacement markets and large commercial fleets.

The company’s core business is the design, manufacture and sale of tires and related products.