Shares of Meituan (OTCMKTS:MPNGF – Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.24 and traded as high as $10.64. Meituan shares last traded at $10.64, with a volume of 1,510 shares changing hands.
Meituan Stock Performance
The firm’s 50 day simple moving average is $9.39 and its 200-day simple moving average is $10.24.
About Meituan
Meituan is a China-based technology and e-commerce company that operates a platform connecting consumers with merchants and service providers. Its offerings include restaurant and food delivery, in-store dining, hotel and travel bookings, grocery and retail delivery, and other local lifestyle services.
The company also supports instant retail and on-demand services, allowing users to purchase products and arrange deliveries through its mobile applications. Merchants can use Meituan’s platform for customer acquisition, order management, marketing, and delivery-related services.
Meituan traces its history to 2010 and expanded significantly after merging with Dianping in 2015.
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