Mega Fortune (NASDAQ:MGRT) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Mega Fortune (NASDAQ:MGRT) to a hold rating in a research report released on Saturday morning.

Separately, Weiss Ratings assumed coverage on Mega Fortune in a report on Thursday, October 9th. They set a “sell (e-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Mega Fortune Stock Performance

Shares of NASDAQ MGRT opened at $8.97 on Friday. Mega Fortune has a 1-year low of $1.50 and a 1-year high of $14.50. The business’s 50 day moving average price is $6.28.

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.