Mitsubishi Motors (OTCMKTS:MMTOF) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Mitsubishi Motors Co. (OTCMKTS:MMTOF)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.81 and traded as high as $2.84. Mitsubishi Motors shares last traded at $2.84, with a volume of 200 shares changing hands.

Mitsubishi Motors Trading Up 6.0 %

The company’s fifty day simple moving average is $2.81 and its 200 day simple moving average is $2.81.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Mitsubishi Motors stock. Silvercrest Asset Management Group LLC increased its stake in shares of Mitsubishi Motors Co. (OTCMKTS:MMTOF) by 36.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 22,400 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Mitsubishi Motors were worth $73,000 as of its most recent SEC filing. Institutional investors and hedge funds own 9.78% of the company’s stock.

About Mitsubishi Motors

Mitsubishi Motors Corporation, together with its subsidiaries, engages in the development, production, and sale of passenger vehicles, and its parts and components in Japan, Europe, North America, Oceania, the rest of Asia, and internationally. Its products include EVs/PHEVs, SUVs, pickup trucks, MPVs, and cars under the Mitsubishi brand.