Shares of Mega Fortune Company Limited (NASDAQ:MGRT – Get Free Report) rose 11.7% on Wednesday . The stock traded as high as $138.99 and last traded at $145.1470. Approximately 1,799 shares changed hands during trading, a decline of 98% from the average daily volume of 83,051 shares. The stock had previously closed at $130.00.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Mega Fortune to a “hold” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Mega Fortune currently has a consensus rating of “Sell”.
View Our Latest Analysis on MGRT
Mega Fortune Stock Up 8.1%
Mega Fortune (NASDAQ:MGRT – Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.04 earnings per share for the quarter.
About Mega Fortune
We are a holding company incorporated as an exempted company with limited liability in the Cayman Islands. Our ordinary shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiary in Hong Kong. We own 100% equity interest of all our subsidiaries and do not have a variable interest entity, or VIE, structure. We are an Internet of Things (“IoT”) solution provider in Hong Kong.
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