Mitsubishi Motors (OTCMKTS:MMTOF) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Mitsubishi Motors Co. (OTCMKTS:MMTOF)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.43 and traded as high as $2.90. Mitsubishi Motors shares last traded at $2.90, with a volume of 4,200 shares changing hands.

Wall Street Analyst Weigh In

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

Mitsubishi Motors Price Performance

The firm’s fifty day moving average price is $2.43 and its two-hundred day moving average price 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.