Megaport Limited (OTCMKTS:MGPPF – Get Free Report)’s stock price rose 2.9% on Thursday . The company traded as high as $13.75 and last traded at $13.75. Approximately 1,000 shares changed hands during trading, a decline of 34% from the average daily volume of 1,506 shares. The stock had previously closed at $13.36.
Megaport Trading Up 1.3%
The company’s fifty day simple moving average is $11.62 and its 200-day simple moving average is $8.63.
About Megaport
Megaport (OTCMKTS: MGPPF) is a global provider of Network as a Service (NaaS) solutions, enabling enterprises, cloud providers and network service providers to establish on-demand, scalable connectivity across data centers and cloud platforms. Through its software-defined elastic interconnection platform, Megaport offers customers the ability to provision private connections to leading cloud services such as Amazon Web Services, Microsoft Azure, Google Cloud and other major providers without the need for traditional long-term contracts or physical infrastructure deployments.
Founded in 2013 and headquartered in Brisbane, Australia, Megaport launched its services in 2014 and has since expanded through organic growth and strategic partnerships.
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