Shares of Mega Fortune Company Limited (NASDAQ:MGRT – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $84.55, but opened at $94.50. Mega Fortune shares last traded at $92.7140, with a volume of 8,992 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Mega Fortune to a “hold” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Get Our Latest Research Report on MGRT
Mega Fortune Stock Performance
Mega Fortune (NASDAQ:MGRT – Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.04 earnings per share (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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