MTN Group (OTCMKTS:MTNOY) Shares Gap Down – Should You Sell?
by Amy Steele · The Cerbat GemMTN Group Ltd. (OTCMKTS:MTNOY – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $11.89, but opened at $11.34. MTN Group shares last traded at $11.31, with a volume of 872 shares.
MTN Group Stock Down 5.5%
The firm has a 50 day moving average price of $11.66 and a 200-day moving average price of $10.08.
MTN Group Company Profile
MTN Group (OTCMKTS: MTNOY) is a multinational telecommunications company headquartered in Johannesburg, South Africa. Founded in the mid-1990s as Mobile Telephone Networks, the company has grown into one of the largest mobile network operators serving consumers, businesses and governments across Africa and the Middle East. MTN is listed on the Johannesburg Stock Exchange and also trades over‑the‑counter in the United States under the symbol MTNOY.
The company’s core activities include mobile voice and data services, fixed‑line and broadband offerings, and enterprise solutions such as cloud, connectivity and managed services.