Megaworld (OTCMKTS:MGAWY) Stock Price Down 6.7% – Time to Sell?

Megaworld Co. (OTCMKTS:MGAWYGet Free Report)’s stock price traded down 6.7% during mid-day trading on Friday . The stock traded as low as $6.30 and last traded at $6.30. 242 shares changed hands during trading, a decline of 88% from the average session volume of 1,993 shares. The stock had previously closed at $6.75.

Megaworld Price Performance

The stock has a 50 day moving average price of $6.80 and a 200 day moving average price of $6.90.

Megaworld Company Profile

(Get Free Report)

Megaworld Corporation, together with its subsidiaries, engages in the development, sale, and leasing of real estate properties in the Philippines. The company develops mixed-use planned communities or townships, including residential, commercial, leisure, and entertainment components. Its real estate portfolio comprises residential condominium units, subdivision lots and townhouses, and condominium-hotel projects, as well as office projects and retail spaces.

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