Shares of MGM China Holdings Limited (OTCMKTS:MCHVF – Get Free Report) dropped 4.8% on Wednesday. The company traded as low as $1.20 and last traded at $1.20. 2,000 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 2,964 shares. The stock had previously closed at $1.26.
Analyst Ratings Changes
Separately, Seaport Research Partners upgraded shares of MGM China from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 2nd.
Check Out Our Latest Research Report on MCHVF
MGM China Price Performance
About MGM China
MGM China Holdings Limited is an integrated resort and gaming company focused on the Macau market. The company operates through its wholly owned subsidiaries and is associated with MGM Resorts International, which is its controlling shareholder.
MGM China operates MGM MACAU on the Macau Peninsula and MGM COTAI in the Cotai district. Its resorts offer casino gaming, hotel accommodations, restaurants and bars, retail outlets, entertainment venues, and meeting and convention facilities.
The company serves visitors to Macau, a major tourism and gaming destination in China.
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