Mullen Group (OTCMKTS:MLLGF) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Mullen Group Ltd. (OTCMKTS:MLLGF) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.25 and traded as high as $12.4780. Mullen Group shares last traded at $12.4780, with a volume of 500 shares.

Analyst Ratings Changes

MLLGF has been the subject of several research reports. Scotiabank reiterated a “sector perform” rating on shares of Mullen Group in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Mullen Group in a research report on Thursday, January 8th. Finally, Raymond James Financial downgraded shares of Mullen Group from an “outperform” rating to a “market perform” rating in a report on Monday, December 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Mullen Group Price Performance

The company’s 50 day moving average price is $12.29 and its two-hundred day moving average price is $11.27.

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.