Mitsubishi Motors (OTCMKTS:MMTOF) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Mitsubishi Motors Co. (OTCMKTS:MMTOF)’s stock price passed 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 traded.

Analyst Ratings Changes

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

Mitsubishi Motors Trading Up 14.2%

The stock’s fifty day simple moving average is $2.39 and its 200-day simple moving average is $2.58.

About Mitsubishi Motors

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.