Megaport Limited (OTCMKTS:MGPPF – Get Free Report) shares fell 15.6% on Tuesday . The company traded as low as $4.97 and last traded at $5.0625. 800 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 650 shares. The stock had previously closed at $6.00.
Megaport Stock Down 15.6%
The stock’s 50 day simple moving average is $6.89 and its two-hundred day simple moving average is $8.42.
About Megaport
Megaport (OTCMKTS: MGPPF) is a global provider of Network as a Service (NaaS) solutions, enabling enterprises, cloud providers and network service providers to establish on-demand, scalable connectivity across data centers and cloud platforms. Through its software-defined elastic interconnection platform, Megaport offers customers the ability to provision private connections to leading cloud services such as Amazon Web Services, Microsoft Azure, Google Cloud and other major providers without the need for traditional long-term contracts or physical infrastructure deployments.
Founded in 2013 and headquartered in Brisbane, Australia, Megaport launched its services in 2014 and has since expanded through organic growth and strategic partnerships.
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