MTN Group (OTCMKTS:MTNOY) Shares Gap Down – Should You Sell?

Shares of MTN Group Ltd. (OTCMKTS:MTNOYGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $9.67, but opened at $9.41. MTN Group shares last traded at $9.49, with a volume of 4,619 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Barclays reissued an “underweight” rating on shares of MTN Group in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Check Out Our Latest Report on MTNOY

MTN Group Price Performance

The company’s fifty day simple moving average is $9.54 and its 200 day simple moving average is $8.65.

About MTN Group

(Get Free Report)

MTN Group Limited, together with its subsidiaries, provides mobile telecommunications services in South Africa, Nigeria, East Africa, West and Central Africa, and the Middle East and North Africa. The company offers data, voice and SMS, digital and fintech, interconnect, and roaming services, as well as sells mobile devices.

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