Shares of Megaport Limited (OTCMKTS:MGPPF – Get Free Report) traded up 38.1% during trading on Tuesday . The stock traded as high as $9.67 and last traded at $9.67. 1,000 shares were traded during mid-day trading, an increase of 68% from the average session volume of 595 shares. The stock had previously closed at $7.00.
Megaport Stock Up 38.1%
The company’s 50 day moving average price is $6.25 and its 200 day moving average price is $7.71.
Megaport Company Profile
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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