Galaxy Entertainment Group (OTCMKTS:GXYEF) Stock Price Up 1.4% – Still a Buy?

Galaxy Entertainment Group Limited (OTCMKTS:GXYEF)’s stock price rose 1.4% during trading on Monday . The stock traded as high as $5.1420 and last traded at $5.1420. Approximately 3,012 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 28,147 shares. The stock had previously closed at $5.07.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded Galaxy Entertainment Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Galaxy Entertainment Group has a consensus rating of “Buy”.

Galaxy Entertainment Group Price Performance

The business’s fifty day simple moving average is $5.19 and its 200 day simple moving average is $5.03.

About Galaxy Entertainment Group

Galaxy Entertainment Group is a Hong Kong–incorporated investment holding company with core operations in the gaming and hospitality industry. The company develops and operates integrated resort complexes in the Macau Special Administrative Region, offering casino gaming, luxury hotel accommodations, retail, dining, entertainment and convention facilities under one roof.

Its flagship property, Galaxy Macau on the Cotai Strip, encompasses multiple phases of development, combining mass-market gaming areas, VIP gaming salons, branded hotels such as Banyan Tree and The Ritz-Carlton, and a variety of food and beverage outlets.