MTN Group (OTCMKTS:MTNOY) Shares Gap Down – Here’s What Happened

MTN Group Ltd. (OTCMKTS:MTNOY) shares gapped down before the market opened on Monday . The stock had previously closed at $14.2340, but opened at $13.67. MTN Group shares last traded at $13.67, with a volume of 238 shares trading hands.

Wall Street Analyst Weigh In

Separately, UBS Group assumed coverage on shares of MTN Group in a research note on Monday, March 23rd. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, MTN Group has an average rating of “Hold”.

MTN Group Trading Down 3.3%

The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The company’s fifty day simple moving average is $13.47 and its 200-day simple moving average is $12.35.

MTN Group Company Profile

MTN Group (OTCMKTS: MTNOY) is a multinational telecommunications company headquartered in Johannesburg, South Africa. Founded in the mid-1990s as Mobile Telephone Networks, the company has grown into one of the largest mobile network operators serving consumers, businesses and governments across Africa and the Middle East. MTN is listed on the Johannesburg Stock Exchange and also trades over‑the‑counter in the United States under the symbol MTNOY.

The company’s core activities include mobile voice and data services, fixed‑line and broadband offerings, and enterprise solutions such as cloud, connectivity and managed services.