MGN (NASDAQ:MGN) Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of MGN (NASDAQ:MGN) from a sell rating to a strong sell rating in a research report released on Sunday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded MGN from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

MGN Stock Performance

MGN stock opened at $3.60 on Friday. The business has a fifty day simple moving average of $1,777.21 and a 200-day simple moving average of $12,671.95. MGN has a 52 week low of $1.67 and a 52 week high of $155.40.

MGN (NASDAQ:MGN) last issued its earnings results on Friday, August 14th. The company reported ($21.08) earnings per share for the quarter. The company had revenue of $1.56 million during the quarter.

MGN Company Profile

Megan Holdings is a company principally engaged in the development, construction and maintenance of aquaculture farms and related works. Megan Holdings is based in Malaysia.