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

Shares of Mullen Group Ltd. (OTCMKTS:MLLGF) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.17 and traded as high as $11.67. Mullen Group shares last traded at $11.67, with a volume of 8,592 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on MLLGF shares. Raymond James Financial downgraded shares of Mullen Group from an “outperform” rating to a “market perform” rating in a report on Monday, December 8th. TD Securities reaffirmed a “buy” rating on shares of Mullen Group in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Mullen Group in a research report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Mullen Group Price Performance

The business’s fifty day simple moving average is $10.43 and its two-hundred day simple moving average is $10.17.

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.