Meituan (MPNGF) Expected to Announce Earnings on Thursday

Meituan (OTCMKTS:MPNGF) is expected to be announcing its results before the market opens on Thursday, March 26th. Analysts expect Meituan to post earnings of ($0.3261) per share and revenue of $13.0512 billion for the quarter.

Meituan Stock Performance

Shares of MPNGF stock opened at $9.79 on Wednesday. Meituan has a 1 year low of $9.30 and a 1 year high of $22.05. The stock has a fifty day moving average of $11.03 and a two-hundred day moving average of $12.23.

Analyst Upgrades and Downgrades

Separately, Benchmark lowered shares of Meituan to a “hold” rating in a research report on Monday, December 1st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $10.00.

About Meituan

Meituan is a leading Chinese technology-driven platform that facilitates on-demand delivery and local services through its mobile application and website. The company offers a wide range of services, including food delivery, in-store dining, grocery and fresh produce delivery, ride sharing, and hotel and travel bookings. Leveraging an extensive network of local merchants and service providers, Meituan connects millions of users with convenient, real-time access to everyday services and experiences across urban and suburban communities in Mainland China.

Founded in June 2010 by serial internet entrepreneur Wang Xing, Meituan originally launched as a group-buying platform before expanding its offerings to encompass multiple verticals in the online-to-offline (O2O) economy.