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

Mullen Group Ltd. (OTCMKTS:MLLGF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.79 and traded as high as $10.36. Mullen Group shares last traded at $10.36, with a volume of 5,053 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on MLLGF. Raymond James Financial raised Mullen Group from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. Desjardins initiated coverage on shares of Mullen Group in a research report on Monday, May 12th. They issued a “buy” rating for the company. Finally, CIBC reissued an “outperform” rating on shares of Mullen Group in a research note on Tuesday, May 20th.

Mullen Group Stock Performance

The company has a 50 day simple moving average of $9.93 and a 200 day simple moving average of $9.79.

About Mullen Group

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.