Mega Fortune (NASDAQ:MGRT) Stock Moved Down to “Sell” by Wall Street Zen

Wall Street Zen cut shares of Mega Fortune (NASDAQ:MGRT) from a hold rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded Mega Fortune from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Mega Fortune Price Performance

Shares of MGRT stock opened at $103.01 on Friday. Mega Fortune has a 12-month low of $4.04 and a 12-month high of $170.00. The firm has a fifty day moving average of $105.58 and a 200-day moving average of $88.49.

Mega Fortune (NASDAQ:MGRT) last issued its quarterly earnings data on Tuesday, September 29th. The company reported ($0.13) EPS for the quarter. The company had revenue of $0.26 million during the quarter.

About Mega Fortune

We are a holding company incorporated as an exempted company with limited liability in the Cayman Islands. Our ordinary shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiary in Hong Kong. We own 100% equity interest of all our subsidiaries and do not have a variable interest entity, or VIE, structure. We are an Internet of Things (“IoT”) solution provider in Hong Kong.