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MTN Group (OTCMKTS:MTNOY) Shares Gap Down - Here's What Happened

MTN Group logo with Computer and Technology background

Key Points

  • MTN Group shares gapped down on Monday, opening at $9.01, down from a previous close of $9.76, with the last trading price at $8.98.
  • Citigroup has upgraded MTN Group from a "hold" rating to a "strong-buy" rating.
  • The company operates in mobile telecommunications across multiple regions, providing services such as data, voice, SMS, and fintech solutions.
  • Want stock alerts on MTN Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

MTN Group Ltd. (OTCMKTS:MTNOY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $9.76, but opened at $9.01. MTN Group shares last traded at $8.98, with a volume of 15,419 shares.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of MTN Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 26th.

Get Our Latest Research Report on MTN Group

MTN Group Trading Down 7.5%

The business's 50 day moving average is $8.14 and its 200-day moving average is $6.98. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.48.

MTN Group Company Profile

(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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