MTN Group (OTCMKTS:MTNOY) Shares Gap Down – Time to Sell?

by · The Cerbat Gem

Shares of MTN Group Ltd. (OTCMKTS:MTNOY – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $9.67, but opened at $9.41. MTN Group shares last traded at $9.49, with a volume of 4,619 shares trading hands.

Analyst Ratings Changes

Separately, Barclays reaffirmed an “underweight” rating on shares of MTN Group in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

View Our Latest Analysis on MTN Group

MTN Group Stock Performance

The business’s 50 day simple moving average is $9.54 and its 200-day simple moving average is $8.65.

MTN Group Company Profile

(Get Free Report)

MTN Group Limited, together with its subsidiaries, provides mobile telecommunications services in South Africa, Nigeria, East Africa, West and Central Africa, and the Middle East and North Africa. The company offers data, voice and SMS, digital and fintech, interconnect, and roaming services, as well as sells mobile devices.

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