Mega Fortune (NASDAQ:MGRT – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported ($0.13) earnings per share for the quarter, reports. The business had revenue of $0.26 million for the quarter.
Mega Fortune Stock Performance
NASDAQ MGRT opened at $103.05 on Thursday. The stock’s 50 day simple moving average is $105.30 and its 200-day simple moving average is $87.70. Mega Fortune has a 1-year low of $4.04 and a 1-year high of $170.00.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Mega Fortune from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Mega Fortune currently has a consensus rating of “Hold”.
Mega Fortune Company Profile
We are a holding company incorporated as an exempted company with limited liability in the Cayman Islands. Our ordinary shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiary in Hong Kong. We own 100% equity interest of all our subsidiaries and do not have a variable interest entity, or VIE, structure. We are an Internet of Things (“IoT”) solution provider in Hong Kong.
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