Mullen Group (OTCMKTS:MLLGF) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Mullen Group Ltd. (OTCMKTS:MLLGF) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.47 and traded as high as $12.11. Mullen Group shares last traded at $12.11, with a volume of 1,656 shares traded.

Wall Street Analysts Forecast Growth

MLLGF has been the subject of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Mullen Group in a research report on Thursday, October 23rd. TD Securities reaffirmed a “buy” rating on shares of Mullen Group in a report on Thursday, October 23rd. Scotiabank reiterated a “sector perform” rating on shares of Mullen Group in a research report on Wednesday, January 21st. CIBC restated a “neutral” rating on shares of Mullen Group in a research report on Thursday, January 8th. Finally, Raymond James Financial downgraded shares of Mullen Group from an “outperform” rating to a “market perform” rating in a research note on Monday, December 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mullen Group presently has an average rating of “Moderate Buy”.

Mullen Group Trading Down 1.9%

The business’s 50-day simple moving average is $11.48 and its 200-day simple moving average is $10.48.

About Mullen Group

Mullen Group Ltd. is a diversified transportation and logistics company headquartered in Okotoks, Alberta. Founded in 1949 as a regional trucking firm, the company has grown through a combination of organic expansion and targeted acquisitions to become one of Canada’s leading asset-based carriers. Mullen Group provides full-service solutions across a range of industries, with a focus on temperature-controlled freight, bulk and specialized haulage, and dedicated contract carriage.

The company operates through several complementary business segments, including truckload and less-than-truckload (LTL) services, logistics and warehousing, courier and parcel delivery, and international freight forwarding.