Magic Empire Global (NASDAQ:MEGL) Stock Price Down 0.7% – Time to Sell?

Magic Empire Global Limited (NASDAQ:MEGLGet Free Report) shares traded down 0.7% on Monday . The stock traded as low as $1.46 and last traded at $1.48. 6,621 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 45,910 shares. The stock had previously closed at $1.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Magic Empire Global in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Stock Analysis on MEGL

Magic Empire Global Stock Down 0.7%

The business’s 50 day moving average price is $1.49 and its two-hundred day moving average price is $1.46.

About Magic Empire Global

(Get Free Report)

Magic Empire Global Limited engages in the provision of corporate finance advisory services and underwriting services in Hong Kong. The company provides initial public offering sponsorship, financial and independent financial advisory, post-listing compliance advisory, and underwriting services by acting as global coordinator, bookrunner, lead manager, or underwriter.

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