Meituan (OTCMKTS:MPNGY – Get Free Report) was upgraded by investment analysts at China Intl Cap to a “strong-buy” rating in a research report issued to clients and investors on Sunday, Zacks reports.
Meituan Stock Performance
MPNGY stock opened at $19.33 on Friday. The company has a 50 day moving average price of $21.06 and a 200 day moving average price of $20.79. Meituan has a fifty-two week low of $16.23 and a fifty-two week high of $27.54.
Meituan Company Profile
Meituan is a China-based technology and services platform that connects consumers with businesses through mobile applications and online services. Its platform supports local commerce, helping users discover, purchase and receive products and services from restaurants, retailers, hotels and other merchants.
The company’s core businesses include restaurant and grocery delivery, in-store dining and retail services, and hotel and travel bookings. Meituan also provides services such as bike sharing, ride-hailing and other consumer-focused offerings in selected markets.
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