Meituan (OTCMKTS:MPNGF) Trading Down 7.1% – What’s Next?

Shares of Meituan (OTCMKTS:MPNGF) fell 7.1% during mid-day trading on Friday . The company traded as low as $12.24 and last traded at $12.24. 11,704 shares were traded during trading, a decline of 8% from the average session volume of 12,789 shares. The stock had previously closed at $13.17.

Analyst Upgrades and Downgrades

Separately, Barclays reiterated an “underweight” rating and set a $10.00 price target on shares of Meituan in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Meituan currently has an average rating of “Sell” and an average price target of $10.00.

Meituan Trading Down 7.1%

The business has a fifty day simple moving average of $13.96 and a 200 day simple moving average of $16.18.

Meituan Company Profile

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.