Galaxy Entertainment Group (OTCMKTS:GXYEF) Shares Pass Below Fifty Day Moving Average – What’s Next?

Shares of Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.18 and traded as low as $4.8120. Galaxy Entertainment Group shares last traded at $4.8120, with a volume of 413 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded Galaxy Entertainment Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Galaxy Entertainment Group Price Performance

The business has a fifty day moving average of $5.18 and a 200 day moving average of $5.06.

Galaxy Entertainment Group Company Profile

Galaxy Entertainment Group is a Hong Kong–incorporated investment holding company with core operations in the gaming and hospitality industry. The company develops and operates integrated resort complexes in the Macau Special Administrative Region, offering casino gaming, luxury hotel accommodations, retail, dining, entertainment and convention facilities under one roof.

Its flagship property, Galaxy Macau on the Cotai Strip, encompasses multiple phases of development, combining mass-market gaming areas, VIP gaming salons, branded hotels such as Banyan Tree and The Ritz-Carlton, and a variety of food and beverage outlets.