MGN (NASDAQ:MGN) Trading 1.1% Higher – Here’s Why

MGN (NASDAQ:MGN) shares traded up 1.1% during trading on Thursday . The company traded as high as $1.84 and last traded at $1.83. 13,609 shares were traded during trading, a decline of 67% from the average session volume of 40,793 shares. The stock had previously closed at $1.81.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on MGN in a research note on Wednesday, January 14th. They issued a “sell (e-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, MGN currently has a consensus rating of “Sell”.

MGN Trading Up 3.3%

MGN (NASDAQ:MGN) last issued its quarterly earnings data on Thursday, January 15th. The company reported $0.03 EPS for the quarter. The business had revenue of $3.31 million for the quarter.

About MGN

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.