Meituan (MPNGF) Expected to Post Quarterly Earnings on Friday

Meituan (OTCMKTS:MPNGF) is projected to announce its results after the market closes on Friday, August 28th. Analysts expect the company to announce earnings of $0.0080 per share and revenue of $14.8582 billion for the quarter.

Meituan Trading Down 9.7%

MPNGF opened at $10.03 on Wednesday. The stock has a 50-day moving average price of $10.24 and a 200-day moving average price of $10.36. Meituan has a 12-month low of $8.20 and a 12-month high of $15.65.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Meituan to a “buy” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Meituan presently has a consensus rating of “Hold” and an average target price of $10.00.

About Meituan

Meituan is a leading Chinese technology-driven platform that facilitates on-demand delivery and local services through its mobile application and website. The company offers a wide range of services, including food delivery, in-store dining, grocery and fresh produce delivery, ride sharing, and hotel and travel bookings. Leveraging an extensive network of local merchants and service providers, Meituan connects millions of users with convenient, real-time access to everyday services and experiences across urban and suburban communities in Mainland China.

Founded in June 2010 by serial internet entrepreneur Wang Xing, Meituan originally launched as a group-buying platform before expanding its offerings to encompass multiple verticals in the online-to-offline (O2O) economy.