Mitsubishi Motors (OTCMKTS:MMTOF) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Mitsubishi Motors Co. (OTCMKTS:MMTOFGet Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.39 and traded as high as $2.75. Mitsubishi Motors shares last traded at $2.74, with a volume of 5,915 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of Mitsubishi Motors to a “sell” rating in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Get Our Latest Analysis on MMTOF

Mitsubishi Motors Price Performance

The business has a 50 day moving average of $2.39 and a 200 day moving average of $2.58.

Mitsubishi Motors Company Profile

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Mitsubishi Motors Corporation (OTCMKTS:MMTOF) is a Japan-based automotive manufacturer specializing in the design, development, production and sale of a wide range of vehicles. Its product lineup includes passenger cars, sport utility vehicles (SUVs), pickup trucks and plug-in hybrid electric vehicles (PHEVs). The company operates research and development centers, manufacturing plants and assembly facilities across Asia, Europe, Oceania and North America.

The origins of Mitsubishi Motors trace back to the automotive division of Mitsubishi Heavy Industries, which was established in the early 20th century.

Further Reading

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