MGM China Holdings Ltd (OTCMKTS:MCHVF)’s share price rose 0.9% during mid-day trading on Thursday . The company traded as high as $1.42 and last traded at $1.42, approximately 2,200 shares traded hands during mid-day trading. A decline of 65% from the average daily volume of 6,291 shares. The stock had previously closed at $1.41.
A number of brokerages recently weighed in on MCHVF. JPMorgan Chase & Co. upgraded shares of MGM China from a “neutral” rating to an “overweight” rating in a report on Wednesday, June 5th. Deutsche Bank upgraded shares of MGM China from a “hold” rating to a “buy” rating in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. MGM China currently has an average rating of “Hold”.
The firm has a 50 day moving average price of $1.68.
MGM China Company Profile (OTCMKTS:MCHVF)
MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company engages in the development and operation of casino games of chance and other casino games, and the related hotel and resort facilities; and the development of integrated resorts in Macau.
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