Mahanagar Telephone Nigam (OTCMKTS:MTENY) Stock Price Down 10.5%

Shares of Mahanagar Telephone Nigam Limited (OTCMKTS:MTENYGet Rating) traded down 10.5% on Tuesday . The stock traded as low as $0.27 and last traded at $0.28. 14,300 shares changed hands during mid-day trading, an increase of 98% from the average session volume of 7,206 shares. The stock had previously closed at $0.31.

Mahanagar Telephone Nigam Price Performance

The firm’s fifty day moving average is $0.28 and its two-hundred day moving average is $0.32.

Mahanagar Telephone Nigam Company Profile

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Mahanagar Telephone Nigam Limited, together with its subsidiaries, provides telecommunication services in India and Mauritius. It operates in two segments: Basic and Other Services; and Cellular Services. The company offers basic telephony, mobile, broadband, and other data services. It also provides cloud services, Wi-Fi solutions, e-governance projects, managed services, turnkey ICT solutions, GIS based services, capacity building and skill development services, etc.; and operates data centers.

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