Genting Malaysia Berhad (OTCMKTS:GMALY) Shares Climb 60% – Time to Buy?

Shares of Genting Malaysia Berhad (OTCMKTS:GMALY) were up 60% on Friday. The stock traded as high as $8.00 and last traded at $8.00. Approximately 512 shares traded hands during mid-day trading, an increase of 241% from the average daily volume of 150 shares. The stock had previously closed at $5.00.

Genting Malaysia Berhad Stock Performance

The business has a 50 day moving average of $4.57 and a 200 day moving average of $9.77.

Genting Malaysia Berhad (OTCMKTS:GMALY) last announced its quarterly earnings results on Thursday, August 20th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $963.49 million during the quarter.

Genting Malaysia Berhad Company Profile

Genting Malaysia Berhad is a leisure and hospitality company headquartered in Malaysia and a member of the Genting Group. Its principal property is Resorts World Genting, an integrated resort in the Genting Highlands that offers casino gaming, hotels, restaurants, retail outlets, entertainment attractions and theme-park experiences.

The company operates and manages a portfolio of leisure and hospitality businesses in several international markets. Its activities include casino operations, hotel accommodation, food and beverage services, meetings and events, and family-oriented attractions.