Magic Empire Global (NASDAQ:MEGL) Stock Price Down 2.9% – Should You Sell?

Magic Empire Global Limited (NASDAQ:MEGLGet Free Report) was down 2.9% during trading on Tuesday . The company traded as low as $1.34 and last traded at $1.36. Approximately 49,807 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 735,150 shares. The stock had previously closed at $1.40.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Magic Empire Global in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Magic Empire Global

Magic Empire Global Stock Down 2.9%

The stock’s 50 day moving average is $1.50 and its two-hundred day moving average is $1.48.

Magic Empire Global Company Profile

(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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