Mullen Group (OTCMKTS:MLLGF) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Mullen Group Ltd. (OTCMKTS:MLLGF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.62 and traded as high as $18.58. Mullen Group shares last traded at $18.58, with a volume of 2,088 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MLLGF shares. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Mullen Group in a report on Friday, July 24th. Scotiabank restated a “sector perform” rating on shares of Mullen Group in a report on Thursday, July 16th. BMO Capital Markets reiterated an “outperform” rating on shares of Mullen Group in a research note on Friday, July 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Mullen Group in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Mullen Group Stock Up 4.4%

The business’s 50 day moving average price is $18.34 and its 200 day moving average price is $15.62.

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.