Michelin (OTCMKTS:MGDDY) Sees Unusually-High Trading Volume – Here’s What Happened

Posted by Nicole Kennedy on Jan 16th, 2026

Michelin (OTCMKTS:MGDDY – Get Free Report) shares saw strong trading volume on Friday . 221,027 shares were traded during trading, an increase of 38% from the previous session’s volume of 160,310 shares.The stock last traded at $17.39 and had previously closed at $17.5280.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Zacks Research raised Michelin from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Oddo Bhf lowered shares of Michelin to a “neutral” rating in a report on Tuesday, October 14th. Berenberg Bank started coverage on Michelin in a research report on Tuesday. They issued a “hold” rating on the stock. Morgan Stanley reaffirmed an “equal weight” rating on shares of Michelin in a research report on Tuesday, December 2nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Michelin in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Read Our Latest Research Report on Michelin

Michelin Price Performance

The business has a fifty day simple moving average of $16.53 and a 200 day simple moving average of $17.38. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.12 and a current ratio of 1.80.

Michelin Company Profile

(Get Free Report)

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.