MGM China (OTCMKTS:MCHVF – Get Free Report) was upgraded by stock analysts at Seaport Research Partners from a “neutral” rating to a “buy” rating in a report released on Tuesday.
MGM China Stock Performance
Shares of MCHVF stock opened at $1.50 on Tuesday. The firm has a fifty day simple moving average of $1.56 and a two-hundred day simple moving average of $1.70. MGM China has a 12 month low of $1.47 and a 12 month high of $1.50.
About MGM China
MGM China Holdings Limited operates as an integrated resort developer, owner and operator in the Macau Special Administrative Region. A subsidiary of MGM Resorts International, the company develops and manages large-scale casino hotel properties that combine gaming facilities with entertainment, dining, retail and convention amenities. MGM China’s flagship properties include MGM Macau—launched in 2007 on the Macau Peninsula—and the more recent MGM Cotai, which opened in February 2018 on the Cotai Strip, offering expanded gaming floors, signature luxury accommodations and bespoke entertainment venues.
The company’s core business activities center on gaming operations, hotel management and ancillary services such as food and beverage, retail concessions, convention and exhibition space, and live performance and entertainment production.
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