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

Mega Fortune (NASDAQ:MGRT) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings began coverage on shares of Mega Fortune in a research report on Thursday, October 9th. They set a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Mega Fortune currently has an average rating of “Sell”.

Mega Fortune Stock Down 4.6%

Shares of NASDAQ MGRT opened at $8.97 on Friday. Mega Fortune has a 12 month low of $1.50 and a 12 month high of $14.50. The business’s 50 day simple moving average is $6.28.

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.