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

Mullen Group Ltd. (OTCMKTS:MLLGF) shares crossed 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.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MLLGF. Scotiabank reaffirmed a “sector perform” rating on shares of Mullen Group in a report on Wednesday, January 21st. Raymond James Financial cut Mullen Group from an “outperform” rating to a “market perform” rating in a research note on Monday, December 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Mullen Group in a research note on Thursday, October 23rd. TD Securities restated a “buy” rating on shares of Mullen Group in a research report on Thursday, October 23rd. Finally, CIBC reaffirmed a “neutral” rating on shares of Mullen Group in a research note on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Mullen Group presently has an average rating of “Moderate Buy”.

Mullen Group Stock Down 1.0%

The firm has a fifty day simple moving average of $11.44 and a 200-day simple moving average of $10.47.

Mullen Group Company Profile

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.