Meituan (MPNGF) Projected to Post Quarterly Earnings on Friday

Meituan (OTCMKTS:MPNGF) is projected to release its results after the market closes on Friday, August 28th. Analysts expect Meituan to announce earnings of $0.0080 per share and revenue of $14.8582 billion for the quarter.

Meituan Stock Performance

Shares of OTCMKTS:MPNGF opened at $10.03 on Thursday. Meituan has a 12 month low of $8.20 and a 12 month high of $15.65. The company’s fifty day moving average price is $10.25 and its 200 day moving average price is $10.35.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Meituan to a “buy” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.00.

Meituan Company Profile

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.