MTN Group Ltd. (OTCMKTS:MTNOY – Get Free Report) shares fell 7.6% during trading on Thursday. The stock traded as low as $10.93 and last traded at $10.93. Approximately 1,232 shares changed hands during trading, a decline of 93% from the average daily volume of 18,098 shares. The stock had previously closed at $11.8240.
MTN Group Price Performance
The firm has a 50 day simple moving average of $12.37 and a two-hundred day simple moving average of $12.71. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.94.
About MTN Group
MTN Group Limited is a South Africa-based multinational telecommunications company that provides mobile communications and digital services across Africa and the Middle East. The group’s core activities include mobile voice and data connectivity, broadband, roaming, digital services, and enterprise communications solutions for consumers, businesses, and public-sector customers.
MTN also operates financial-technology services through its Mobile Money, or MoMo, platform, which supports services such as money transfers, payments, merchant transactions, and related digital financial products in selected markets.
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