MGM China (OTCMKTS:MCHVF) Shares Up 0.9%
MGM China Holdings Ltd (OTCMKTS:MCHVF) shares shot up 0.9% during mid-day trading on Thursday . The company traded as high as $1.42 and last traded at $1.42, 2,200 shares changed hands during trading. A decline of 65% from the average session volume of 6,291 shares. The stock had previously closed at $1.41.
A number of research firms have recently issued reports on MCHVF. Deutsche Bank upgraded shares of MGM China from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. JPMorgan Chase & Co. upgraded shares of MGM China from a “neutral” rating to an “overweight” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. MGM China has an average rating of “Hold”.
The company has a 50-day moving average of $1.68.
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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