Magic Empire Global (NASDAQ:MEGL) Shares Up 1.4% – Still a Buy?

Shares of Magic Empire Global Limited (NASDAQ:MEGL) shot up 1.4% during mid-day trading on Tuesday . The company traded as high as $1.0899 and last traded at $1.0850. 21,098 shares were traded during mid-day trading, an increase of 28% from the average session volume of 16,519 shares. The stock had previously closed at $1.07.

Magic Empire Global Stock Up 1.4%

The business has a 50 day moving average of $1.02 and a 200-day moving average of $1.23.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Magic Empire Global stock. Virtu Financial LLC purchased a new position in shares of Magic Empire Global Limited (NASDAQ:MEGL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,731 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 0.53% of Magic Empire Global as of its most recent SEC filing. 0.51% of the stock is currently owned by institutional investors.

Magic Empire Global Company Profile

Magic Empire Global Ltd (NASDAQ: MEGL) is a technology-driven company that specializes in the design, manufacturing and distribution of smart hardware and entertainment solutions. Its core offerings include virtual reality (VR) and augmented reality (AR) gaming systems tailored for theme parks, family entertainment centers, museums and esports venues. The company also develops high-end ergonomic computer desks and chairs equipped with integrated connectivity features, targeting both home users and business customers.

Through its vertically integrated model, Magic Empire Global oversees product design, in-house manufacturing and global logistics from its facilities in Guangdong province.