Mega Fortune (NASDAQ:MGRT) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Mega Fortune (NASDAQ:MGRT) to a "hold" rating in a research note issued Saturday.
• The stock opened at $135.00 on Friday, with a 50‑day moving average of $41.88 and a 200‑day moving average of $18.66, and a 12‑month range of $1.50 to $170.00.
• Mega Fortune reported $0.04 earnings per share for the quarter ended Feb. 3 and is a Cayman Islands holding company that operates IoT solutions through its Hong Kong subsidiary, owning 100% of its subsidiaries (no VIE structure).

Mega Fortune (NASDAQ:MGRT - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "hold" rating in a research note issued on Saturday.

Mega Fortune Stock Performance

Mega Fortune stock opened at $135.00 on Friday. The stock's 50 day moving average is $41.88 and its 200 day moving average is $18.66. Mega Fortune has a twelve month low of $1.50 and a twelve month high of $170.00.

Mega Fortune (NASDAQ:MGRT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.04 earnings per share for the quarter.

About Mega Fortune

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.

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