Mullen Group (OTCMKTS:MLLGF) Share Price Passes Above 200-Day Moving Average – Here’s Why

Mullen Group Ltd. (OTCMKTS:MLLGF)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.94 and traded as high as $10.29. Mullen Group shares last traded at $10.29, with a volume of 9,002 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on MLLGF. Desjardins started coverage on Mullen Group in a research report on Monday. They issued a “buy” rating on the stock. Raymond James raised shares of Mullen Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd.

Mullen Group Stock Up 3.4%

The business has a fifty day moving average of $9.13 and a two-hundred day moving average of $9.94.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.