Meituan (OTCMKTS:MPNGF) Shares Up 2.6% – Still a Buy?

Meituan (OTCMKTS:MPNGFGet Free Report)’s stock price traded up 2.6% on Tuesday . The stock traded as high as $16.17 and last traded at $15.80. 23,562 shares traded hands during trading, an increase of 80% from the average session volume of 13,076 shares. The stock had previously closed at $15.40.

Wall Street Analyst Weigh In

Separately, Barclays set a $15.00 target price on shares of Meituan and gave the company an “underweight” rating in a research note on Wednesday, May 28th.

Get Our Latest Research Report on MPNGF

Meituan Price Performance

The company has a 50-day moving average price of $17.10 and a 200-day moving average price of $18.75.

Meituan Company Profile

(Get Free Report)

Meituan operates as a technology retail company in the People's Republic of China. It operates through Core Local Commerce and New Initiatives segments. The company offers food delivery services; and helps consumers purchase local consumer services provided by merchants in numerous in-store categories or make reservations for hotels, and attraction and transportation ticketing.

Featured Stories

Receive News & Ratings for Meituan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meituan and related companies with MarketBeat.com's FREE daily email newsletter.