Mullen Group (OTCMKTS:MLLGF) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Mullen Group Ltd. (OTCMKTS:MLLGF)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.36 and traded as high as $13.20. Mullen Group shares last traded at $13.20, with a volume of 100 shares.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Scotiabank reaffirmed a “sector perform” rating on shares of Mullen Group in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Mullen Group in a research report on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Mullen Group currently has a consensus rating of “Moderate Buy”.

Mullen Group Stock Performance

The company has a 50 day moving average price of $12.36 and a 200 day moving average price of $11.36.

Mullen Group Company Profile

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.