China Intl Cap upgraded shares of Meituan (OTCMKTS:MPNGY – Free Report) to a strong-buy rating in a research report sent to investors on Sunday,Zacks reports.
Meituan Trading Down 3.3%
MPNGY stock opened at $19.33 on Friday. The company’s 50 day simple moving average is $21.06 and its 200-day simple moving average is $20.79. Meituan has a 12 month low of $16.23 and a 12 month high of $27.54.
Meituan Company Profile
Meituan is a China-based technology platform that connects consumers with merchants and service providers through mobile applications and online marketplaces. Its businesses span food delivery, in-store dining and services, hotel and travel reservations, grocery and retail delivery, and other local lifestyle services.
The company operates Meituan, its principal consumer platform, and Dianping, a consumer review and local-services platform. Meituan also supports merchants with digital marketing, ordering, delivery, payment, and other technology tools.
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