MGT Capital Investments Inc (MGTI) Upgraded to “Hold” at ValuEngine
MGT Capital Investments Inc (OTCMKTS:MGTI) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday.
MGT Capital Investments (OTCMKTS MGTI) traded up 2.90% during midday trading on Thursday, reaching $2.48. 519,713 shares of the company’s stock traded hands. MGT Capital Investments has a 1-year low of $0.46 and a 1-year high of $4.26. The stock’s market capitalization is $98.97 million.
In other MGT Capital Investments news, insider Robert Ladd sold 100,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $2.76, for a total transaction of $276,000.00. Following the sale, the insider now directly owns 2,302,955 shares in the company, valued at approximately $6,356,155.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 36.60% of the stock is currently owned by insiders.
MGT Capital Investments Company Profile
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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