Michelin (OTCMKTS:MGDDY) Downgraded by Barclays to Strong Sell

Michelin (OTCMKTS:MGDDY) was downgraded by research analysts at Barclays from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks reports.

Several other brokerages also recently commented on MGDDY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Michelin in a research note on Tuesday, July 28th. Citigroup reissued a “buy” rating on shares of Michelin in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Michelin Price Performance

Shares of OTCMKTS MGDDY opened at $18.60 on Thursday. Michelin has a twelve month low of $15.35 and a twelve month high of $20.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.65 and a quick ratio of 1.02. The company’s fifty day moving average is $18.86 and its 200-day moving average is $18.83.

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.