Galaxy Entertainment Group (OTCMKTS:GXYEF) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Galaxy Entertainment Group Limited (OTCMKTS:GXYEF) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.18 and traded as low as $4.8120. Galaxy Entertainment Group shares last traded at $4.8120, with a volume of 413 shares changing hands.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded shares of Galaxy Entertainment Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Galaxy Entertainment Group Trading Down 9.4%

The stock’s fifty day moving average price is $5.18 and its 200-day moving average price is $5.06.

About Galaxy Entertainment Group

Galaxy Entertainment Group is a Hong Kong–incorporated investment holding company with core operations in the gaming and hospitality industry. The company develops and operates integrated resort complexes in the Macau Special Administrative Region, offering casino gaming, luxury hotel accommodations, retail, dining, entertainment and convention facilities under one roof.

Its flagship property, Galaxy Macau on the Cotai Strip, encompasses multiple phases of development, combining mass-market gaming areas, VIP gaming salons, branded hotels such as Banyan Tree and The Ritz-Carlton, and a variety of food and beverage outlets.