Mahanagar Telephone Nigam (OTCMKTS:MTENY) Shares Down 10.5% – Should You Sell?

Mahanagar Telephone Nigam Limited (OTCMKTS:MTENYGet Free Report)’s share price dropped 10.5% during mid-day trading on Monday . The company traded as low as $0.27 and last traded at $0.28. Approximately 14,300 shares traded hands during trading, an increase of 98% from the average daily volume of 7,206 shares. The stock had previously closed at $0.31.

Mahanagar Telephone Nigam Price Performance

About Mahanagar Telephone Nigam

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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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