MGN (NASDAQ:MGN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of MGN (NASDAQ:MGN) to a sell rating in a research note published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of MGN in a report on Thursday, August 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, MGN presently has a consensus rating of “Sell”.

MGN Trading Down 5.0%

MGN opened at $3.78 on Friday. The firm’s 50 day moving average price is $2,262.91. MGN has a 52-week low of $1.67 and a 52-week high of $155.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 2.05.

MGN (NASDAQ:MGN) last announced its earnings results on Saturday, September 26th. The company reported ($0.71) earnings per share for the quarter. The firm had revenue of $1.56 million for the quarter.

About MGN

Megan Holdings is a company principally engaged in the development, construction and maintenance of aquaculture farms and related works. Megan Holdings is based in Malaysia.