Mega Fortune Company Limited (NASDAQ:MGRT – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $76.00, but opened at $72.12. Mega Fortune shares last traded at $75.50, with a volume of 1,131 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Mega Fortune to a “hold” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.
Read Our Latest Research Report on MGRT
Mega Fortune Stock Down 5.7%
Mega Fortune (NASDAQ:MGRT – Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.04 EPS 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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