Genting Malaysia Berhad (OTCMKTS:GMALF) Stock Price Down 22.7% – Here’s Why

Genting Malaysia Berhad (OTCMKTS:GMALFGet Free Report) was down 22.7% during mid-day trading on Monday . The stock traded as low as $0.3750 and last traded at $0.3750. 1,000 shares changed hands during trading, an increase of 900% from the average daily volume of 100 shares. The stock had previously closed at $0.4854.

Genting Malaysia Berhad Price Performance

The company has a 50 day moving average price of $0.49 and a 200 day moving average price of $0.50.

Genting Malaysia Berhad Company Profile

(Get Free Report)

Genting Malaysia Berhad is a leading Malaysian leisure and hospitality company and a publicly traded subsidiary of the Genting Group. Established in 1965 as Highlands & Lowlands Berhad, the company was later rebranded as Genting Malaysia Berhad and has grown to become one of Asia’s largest integrated resort operators. The firm’s primary business activities encompass the development, operation and management of resort hotels, casinos, convention facilities, theme parks and other leisure attractions.

The company’s flagship property is Resorts World Genting, nestled in the Titiwangsa Mountains of Pahang, Malaysia, which combines gaming, hotel accommodation, retail outlets, entertainment venues and a theme park.

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