Michelin (OTCMKTS:MGDDY) Sees Large Volume Increase – Here’s Why

Posted by Tyrone Williams on Sep 30th, 2026

Michelin (OTCMKTS:MGDDY – Get Free Report) saw unusually-high trading volume on Monday. 354,330 shares traded hands during mid-day trading, an increase of 118% from the previous session’s volume of 162,605 shares. The stock last traded at $19.3253 and had previously closed at $19.31.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MGDDY shares. Citigroup restated a “buy” rating on shares of Michelin in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Michelin in a research note on Tuesday, July 28th. Finally, Zacks Research upgraded shares of Michelin from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Check Out Our Latest Analysis on MGDDY

Michelin Trading Down 0.7%

The firm’s 50-day moving average price is $19.73 and its 200 day moving average price is $18.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.22 and a current ratio of 1.90.

About Michelin

(Get Free Report)

Michelin is a France-based manufacturer best known for designing, producing and distributing tires. The company serves passenger vehicles, motorcycles, trucks, buses, aircraft, agricultural equipment, mining vehicles and other industrial applications. It also develops related products and services, including connected tire technologies, fleet solutions and mobility services.

Founded in 1889 by brothers Édouard and André Michelin, the company is headquartered in Clermont-Ferrand, France.