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

Mullen Group Ltd. (OTCMKTS:MLLGF)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.91 and traded as high as $16.37. Mullen Group shares last traded at $16.26, with a volume of 400 shares traded.

Wall Street Analyst Weigh In

MLLGF has been the subject of a number of research analyst reports. TD Securities reaffirmed a “buy” rating on shares of Mullen Group in a research report on Friday, April 24th. BMO Capital Markets reiterated an “outperform” rating on shares of Mullen Group in a report on Friday, April 24th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Mullen Group in a report on Friday, April 24th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Mullen Group in a research note on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Mullen Group Stock Up 0.4%

The stock has a fifty day moving average of $14.85 and a 200-day moving average of $12.91.

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.