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

Shares of MTN Group Ltd. (OTCMKTS:MTNOY – Get Free Report) gapped down prior to trading on Wednesday. The stock had previously closed at $11.9940, but opened at $11.19. MTN Group shares last traded at $11.1850, with a volume of 827 shares.

MTN Group Stock Performance

The business has a 50-day moving average price of $12.44 and a 200-day moving average price of $12.71. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.94.

About MTN Group

(Get Free Report)

MTN Group Limited is a South Africa-based multinational telecommunications company that provides mobile communications and digital services across Africa and the Middle East. The group’s core activities include mobile voice and data connectivity, broadband, roaming, digital services, and enterprise communications solutions for consumers, businesses, and public-sector customers.

MTN also operates financial-technology services through its Mobile Money, or MoMo, platform, which supports services such as money transfers, payments, merchant transactions, and related digital financial products in selected markets.

Further Reading

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