Megaport Limited (OTCMKTS:MGPPF – Get Free Report)’s stock price rose 38.1% during trading on Tuesday . The company traded as high as $9.67 and last traded at $9.67. Approximately 1,000 shares traded hands during trading, an increase of 68% from the average daily volume of 595 shares. The stock had previously closed at $7.00.
Megaport Price Performance
The business’s 50-day moving average is $6.39 and its two-hundred day moving average is $7.71.
Megaport Company Profile
Megaport (OTCMKTS: MGPPF) is a global provider of Network as a Service (NaaS) solutions, enabling enterprises, cloud providers and network service providers to establish on-demand, scalable connectivity across data centers and cloud platforms. Through its software-defined elastic interconnection platform, Megaport offers customers the ability to provision private connections to leading cloud services such as Amazon Web Services, Microsoft Azure, Google Cloud and other major providers without the need for traditional long-term contracts or physical infrastructure deployments.
Founded in 2013 and headquartered in Brisbane, Australia, Megaport launched its services in 2014 and has since expanded through organic growth and strategic partnerships.
See Also
- Five stocks we like better than Megaport
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Receive News & Ratings for Megaport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Megaport and related companies with MarketBeat.com's FREE daily email newsletter.
