Meituan (OTCMKTS:MPNGY – Get Free Report) was upgraded by equities research analysts at China Intl Cap to a “strong-buy” rating in a research note issued to investors on Sunday, Zacks reports.
Meituan Trading Down 3.3%
Shares of MPNGY opened at $19.33 on Friday. The firm has a fifty day simple moving average of $21.06 and a two-hundred day simple moving average of $20.79. Meituan has a 1-year low of $16.23 and a 1-year high of $27.54.
Meituan Company Profile
Meituan is a China-based technology and local commerce company that connects consumers with businesses through digital platforms. Its services include restaurant and grocery delivery, in-store dining and entertainment, hotel and travel reservations, and other local consumer services. The company also provides merchants with online marketing, transaction-processing, and technology solutions.
Meituan operates primarily in mainland China through the Meituan and Dianping platforms. Its businesses span food delivery, retail and on-demand services, restaurant and lifestyle reviews, hotel and transportation bookings, and related logistics capabilities.
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