Megaport Limited (OTCMKTS:MGPPF – Get Free Report)’s stock price was up 7% during mid-day trading on Friday. The stock traded as high as $12.2125 and last traded at $12.2125. Approximately 199 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,273 shares. The stock had previously closed at $11.4140.
Megaport Stock Performance
The company’s 50-day moving average price is $11.32 and its 200 day moving average price is $9.85.
About Megaport
Megaport Limited is an Australia-based provider of Network as a Service solutions. The company enables businesses to establish and manage private, on-demand connections between data centers, cloud service providers, internet exchanges, and other network endpoints through its software-defined networking platform.
Its services include cloud connectivity, data center interconnection, virtual routing, and access to internet exchange points. Megaport’s platform supports connections to major cloud providers and other digital infrastructure services, allowing customers to provision bandwidth and adjust network configurations through an online portal and application programming interfaces.
Founded in 2013 by Bevan Slattery, Megaport has expanded its network across the Asia-Pacific region, North America, and Europe.
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