MGM China (MCHVF) Expected to Announce Earnings on Thursday

MGM China (OTCMKTS:MCHVF) is anticipated to announce its results after the market closes on Thursday, August 6th. Analysts expect the company to announce earnings of $0.0476 per share and revenue of $1.1187 billion for the quarter.

MGM China Price Performance

OTCMKTS MCHVF remained flat at $1.40 during trading hours on Wednesday. The company has a 50 day simple moving average of $1.41 and a 200 day simple moving average of $1.52. MGM China has a one year low of $1.28 and a one year high of $1.50.

Analyst Ratings Changes

Separately, Seaport Research Partners raised MGM China from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 2nd.

MGM China Company Profile

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.