MGN (NASDAQ:MGN) Stock Price Up 1.1% – What’s Next?

MGN (NASDAQ:MGN) rose 1.1% during mid-day trading on Thursday . The stock traded as high as $1.84 and last traded at $1.83. Approximately 13,609 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 40,793 shares. The stock had previously closed at $1.81.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on shares of MGN in a research note on Wednesday, January 14th. They issued a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

MGN Price Performance

MGN (NASDAQ:MGN) last announced its earnings results on Thursday, January 15th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $3.31 million during the quarter.

MGN Company Profile

Megan Holdings is a company principally engaged in the development, construction and maintenance of aquaculture farms and related works. Megan Holdings is based in Malaysia.