Mega Fortune (NASDAQ:MGRT) Cut to “Sell” at Wall Street Zen

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

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

Mega Fortune Price Performance

Shares of NASDAQ:MGRT opened at $102.25 on Friday. The stock’s 50-day simple moving average is $105.66 and its two-hundred day simple moving average is $89.71. Mega Fortune has a 52-week low of $4.04 and a 52-week high of $170.00.

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

Mega Fortune Company Profile

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.