MGN (NASDAQ:MGN) Raised to “Sell” at Wall Street Zen

MGN (NASDAQ:MGN) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of MGN in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

MGN Stock Performance

MGN opened at $3.98 on Friday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01. MGN has a fifty-two week low of $1.67 and a fifty-two week high of $258.90. The stock has a 50-day simple moving average of $2,365.56.

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.