Shares of MGM China Holdings Limited (OTCMKTS:MCHVF – Get Free Report) fell 4.8% during mid-day trading on Wednesday. The stock traded as low as $1.20 and last traded at $1.20. 2,000 shares were traded during trading, a decline of 33% from the average session volume of 2,964 shares. The stock had previously closed at $1.26.
Wall Street Analysts Forecast Growth
Separately, Seaport Research Partners upgraded MGM China from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 2nd.
View Our Latest Stock Report on MCHVF
MGM China Stock Down 4.8%
MGM China Company Profile
MGM China Holdings Limited is an integrated resort and gaming company focused on the Macau market. The company operates through its wholly owned subsidiaries and is associated with MGM Resorts International, which is its controlling shareholder.
MGM China operates MGM MACAU on the Macau Peninsula and MGM COTAI in the Cotai district. Its resorts offer casino gaming, hotel accommodations, restaurants and bars, retail outlets, entertainment venues, and meeting and convention facilities.
The company serves visitors to Macau, a major tourism and gaming destination in China.
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