MGM China Holdings Limited (OTCMKTS:MCHVF – Get Free Report) dropped 4.8% during trading on Wednesday. The stock traded as low as $1.20 and last traded at $1.20. Approximately 2,000 shares changed hands during trading, a decline of 33% from the average daily volume of 2,964 shares. The stock had previously closed at $1.26.
MGM China Price Performance
The stock has a 50 day simple moving average of $1.33 and a two-hundred day simple moving average of $1.44.
MGM China Company Profile
MGM China Holdings Limited is an integrated resort and gaming company focused on the Macau market. The company operates through its wholly owned subsidiaries and is associated with MGM Resorts International, which is its controlling shareholder.
MGM China operates MGM MACAU on the Macau Peninsula and MGM COTAI in the Cotai district. Its resorts offer casino gaming, hotel accommodations, restaurants and bars, retail outlets, entertainment venues, and meeting and convention facilities.
The company serves visitors to Macau, a major tourism and gaming destination in China.
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