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

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

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

Mega Fortune Trading Down 9.7%

Mega Fortune stock opened at $8.10 on Friday. Mega Fortune has a 52 week low of $1.50 and a 52 week high of $14.50. The business has a fifty day simple moving average of $6.34.

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.