Megaport Limited (OTCMKTS:MGPPF – Get Free Report)’s stock price dropped 29.7% on Tuesday . The stock traded as low as $5.28 and last traded at $5.7975. Approximately 618 shares traded hands during trading, a decline of 4% from the average daily volume of 645 shares. The stock had previously closed at $8.25.
Megaport Price Performance
The company’s 50 day moving average is $8.18 and its 200 day moving average is $9.12.
About Megaport
Megaport (OTCMKTS: MGPPF) is a global provider of Network as a Service (NaaS) solutions, enabling enterprises, cloud providers and network service providers to establish on-demand, scalable connectivity across data centers and cloud platforms. Through its software-defined elastic interconnection platform, Megaport offers customers the ability to provision private connections to leading cloud services such as Amazon Web Services, Microsoft Azure, Google Cloud and other major providers without the need for traditional long-term contracts or physical infrastructure deployments.
Founded in 2013 and headquartered in Brisbane, Australia, Megaport launched its services in 2014 and has since expanded through organic growth and strategic partnerships.
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