Mitsubishi Motors (OTCMKTS:MMTOF) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Mitsubishi Motors Co. (OTCMKTS:MMTOF)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.58 and traded as low as $2.40. Mitsubishi Motors shares last traded at $2.40, with a volume of 251 shares.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of Mitsubishi Motors to a “sell” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Mitsubishi Motors Stock Up 4.3%

The business has a 50 day simple moving average of $2.39 and a 200-day simple moving average of $2.58.

Mitsubishi Motors Company Profile

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.