Mega Fortune (NASDAQ:MGRT) Stock Rating Upgraded by Wall Street Zen

Mega Fortune (NASDAQ:MGRT) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings started coverage on shares of Mega Fortune in a research report on Thursday, October 9th. They set a “sell (e-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Mega Fortune Price Performance

MGRT opened at $8.97 on Friday. Mega Fortune has a fifty-two week low of $1.50 and a fifty-two week high of $14.50. The firm’s 50-day moving average is $6.28.

Mega Fortune Company Profile

We are a holding company incorporated as an exempted company with limited liability in the Cayman Islands. Our ordinary shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiary in Hong Kong. We own 100% equity interest of all our subsidiaries and do not have a variable interest entity, or VIE, structure. We are an Internet of Things (“IoT”) solution provider in Hong Kong.