Galaxy Entertainment Group (OTCMKTS:GXYEF) Share Price Crosses Below 50-Day Moving Average of $6.66

Galaxy Entertainment Group Limited (OTCMKTS:GXYEF)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.66 and traded as low as $6.42. Galaxy Entertainment Group shares last traded at $6.42, with a volume of 185 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Macquarie began coverage on Galaxy Entertainment Group in a research note on Tuesday, July 18th. They issued an “outperform” rating on the stock.

Galaxy Entertainment Group Price Performance

The business has a 50 day simple moving average of $6.66 and a 200 day simple moving average of $6.72.

About Galaxy Entertainment Group

Galaxy Entertainment Group Limited, an investment holding company, engages in the gaming and entertainment, and construction materials businesses in Macau, Hong Kong, and Mainland China. The company operates casino games of chance or games of other forms; and provides hospitality and related services.