Meituan (MPNGF) Projected to Post Earnings on Thursday

Meituan (OTCMKTS:MPNGF) is anticipated to announce its results before the market opens on Thursday, March 26th. Analysts expect the company to announce earnings of ($0.3261) per share and revenue of $13.0512 billion for the quarter.

Meituan Trading Down 2.1%

MPNGF opened at $9.79 on Tuesday. The firm’s fifty day moving average price is $11.09 and its two-hundred day moving average price is $12.25. Meituan has a fifty-two week low of $9.30 and a fifty-two week high of $22.05.

Wall Street Analyst Weigh In

Separately, Benchmark downgraded shares of Meituan to a “hold” rating in a report on Monday, December 1st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $10.00.

About Meituan

Meituan is a leading Chinese technology-driven platform that facilitates on-demand delivery and local services through its mobile application and website. The company offers a wide range of services, including food delivery, in-store dining, grocery and fresh produce delivery, ride sharing, and hotel and travel bookings. Leveraging an extensive network of local merchants and service providers, Meituan connects millions of users with convenient, real-time access to everyday services and experiences across urban and suburban communities in Mainland China.

Founded in June 2010 by serial internet entrepreneur Wang Xing, Meituan originally launched as a group-buying platform before expanding its offerings to encompass multiple verticals in the online-to-offline (O2O) economy.