MGT Capital Investments Inc (MGTI) Downgraded by ValuEngine
MGT Capital Investments Inc (OTCMKTS:MGTI) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday.
MGT Capital Investments (OTCMKTS MGTI) traded up 0.98% during midday trading on Thursday, hitting $3.09. The company had a trading volume of 941,986 shares. The stock’s market capitalization is $123.31 million. MGT Capital Investments has a 52 week low of $0.46 and a 52 week high of $4.26.
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In other news, Director Hugh Robert Holmes sold 100,000 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $3.85, for a total value of $385,000.00. Following the transaction, the director now directly owns 788,819 shares of the company’s stock, valued at $3,036,953.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 36.60% of the stock is currently owned by corporate insiders.
About MGT Capital Investments
MGT Capital Investments, Inc is engaged in acquiring and developing a diverse portfolio of cyber security technologies. The Company addresses various cyber threats through protection technologies for mobile and personal tech devices, as well as corporate networks. It is also engaged in mining Bitcoin.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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