mF International (NASDAQ:MFI) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s Why

mF International Limited (NASDAQ:MFI) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $9.36 and traded as low as $7.80. mF International shares last traded at $7.8450, with a volume of 1,576 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of mF International from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 16th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, mF International has a consensus rating of “Sell”.

mF International Stock Performance

The company has a 50 day moving average of $9.01 and a 200 day moving average of $9.32.

mF International (NASDAQ:MFI) last announced its quarterly earnings results on Thursday, September 10th. The financial services provider reported ($2.71) earnings per share (EPS) for the quarter. The business had revenue of $0.76 million during the quarter. Analysts expect that mF International Limited will post -0.07 earnings per share for the current fiscal year.

About mF International

mF International Limited is a financial technology company focused on digital payment solutions. Through its subsidiaries, the company provides technology and services that support electronic payment processing for merchants and other business customers.

Its activities include payment gateway and merchant-acquiring services, which allow businesses to accept and process digital transactions through online and other electronic channels. The company’s solutions are designed to help merchants manage payments and connect with payment networks.

mF International is based in Hong Kong and serves customers in the region.