ValuEngine Upgrades MGT Capital Investments Inc (MGTI) to “Hold”
MGT Capital Investments Inc (OTCMKTS:MGTI) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
Shares of MGT Capital Investments (MGTI) opened at 3.95 on Tuesday. MGT Capital Investments has a one year low of $0.46 and a one year high of $4.50. The company’s market cap is $157.63 million.
In other MGT Capital Investments news, insider Robert Ladd sold 100,000 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $2.76, for a total transaction of $276,000.00. Following the completion of the transaction, the insider now directly owns 2,302,955 shares of the company’s stock, valued at approximately $6,356,155.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 36.60% of the stock is owned by company insiders.
MGT Capital Investments Company Profile
MGT Capital Investments, Inc is engaged in acquiring and developing a diverse portfolio of cyber security technologies. The Company addresses various cyber threats through protection technologies for mobile and personal tech devices, as well as corporate networks. It is also engaged in mining Bitcoin.
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