Meituan (OTCMKTS:MPNGY – Get Free Report) was upgraded by research analysts at China Intl Cap to a “strong-buy” rating in a report issued on Sunday, Zacks reports.
Meituan Price Performance
Meituan stock opened at $19.33 on Friday. The business’s fifty day moving average is $21.06 and its two-hundred day moving average is $20.79. Meituan has a 52 week low of $16.23 and a 52 week high of $27.54.
Meituan Company Profile
Meituan is a China-based technology and services platform that connects consumers with businesses through mobile applications and online services. Its platform supports local commerce, helping users discover, purchase and receive products and services from restaurants, retailers, hotels and other merchants.
The company’s core businesses include restaurant and grocery delivery, in-store dining and retail services, and hotel and travel bookings. Meituan also provides services such as bike sharing, ride-hailing and other consumer-focused offerings in selected markets.
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