Megaworld (OTCMKTS:MGAWY) Shares Up 0.7% – Should You Buy?

Megaworld Co. (OTCMKTS:MGAWYGet Free Report)’s share price traded up 0.7% during mid-day trading on Tuesday . The stock traded as high as $7.25 and last traded at $7.25. 230 shares changed hands during trading, a decline of 78% from the average session volume of 1,065 shares. The stock had previously closed at $7.20.

Megaworld Price Performance

The stock’s 50-day moving average price is $6.61 and its 200-day moving average price is $6.92.

About Megaworld

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Megaworld Corporation (OTCMKTS: MGAWY) is a Philippines‐based real estate development company that designs, constructs, markets and manages mixed‐use communities. The company’s portfolio spans office buildings, residential condominiums, retail centers, hotels and resorts, with an emphasis on integrated “live‐work‐play” townships. Megaworld’s developments often combine residential units with commercial and leisure components, catering to both urban and emerging provincial markets across Luzon, Visayas and Mindanao.

Founded in 1989, Megaworld pioneered the concept of large‐scale township developments in the Philippines.

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