Mullen Group (OTCMKTS:MLLGF) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Mullen Group Ltd. (OTCMKTS:MLLGF)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.17 and traded as high as $11.67. Mullen Group shares last traded at $11.67, with a volume of 8,592 shares.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MLLGF shares. TD Securities reaffirmed a “buy” rating on shares of Mullen Group in a research report on Thursday, October 23rd. Raymond James Financial lowered shares of Mullen Group from an “outperform” rating to a “market perform” rating in a report on Monday, December 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Mullen Group in a research report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Mullen Group has an average rating of “Moderate Buy”.

Mullen Group Price Performance

The business’s 50 day moving average is $10.43 and its 200 day moving average is $10.17.

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.