Shares of MTN Group Ltd. (OTCMKTS:MTNOY – Get Free Report) traded down 10.9% on Monday . The stock traded as low as $12.47 and last traded at $12.51. Approximately 586 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 14,757 shares. The stock had previously closed at $14.0370.
MTN Group Stock Performance
The stock’s fifty day simple moving average is $13.65 and its 200-day simple moving average is $12.60. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.31.
About MTN Group
MTN Group (OTCMKTS: MTNOY) is a multinational telecommunications company headquartered in Johannesburg, South Africa. Founded in the mid-1990s as Mobile Telephone Networks, the company has grown into one of the largest mobile network operators serving consumers, businesses and governments across Africa and the Middle East. MTN is listed on the Johannesburg Stock Exchange and also trades over‑the‑counter in the United States under the symbol MTNOY.
The company’s core activities include mobile voice and data services, fixed‑line and broadband offerings, and enterprise solutions such as cloud, connectivity and managed services.
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