MGM China (OTC:MCHVF) has been upgraded from Hold to Buy in a statement by HSBC Securities earlier today.
- Updated: November 28, 2016
Having a price of $2.25, MGM China (OTC:MCHVF) traded 4.17% higher on the day. With the last stock price up 44.93% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. MCHVF has recorded a 50-day average of $1.81 and a two hundred day average of $1.55. Trade Volume was down over the average, with 100 shares of MCHVF changing hands under the typical 3,084
HSBC Securities has upgraded MGM China (OTC:MCHVF) from Hold to Buy in a statement released on 11/28/2016.
Recent Performance Chart
MGM China has PE ratio of 24.46 with a one year low of $1.04 and a one year high of $2.25 and has a market capitalization of $0.
General Company Details For MGM China (OTC:MCHVF)
MGM China Holdings Limited, an investment holding company, engages in the development and operation of casino games of chance and other casino games, and the related hotel and resort facilities in Macau. It owns and operates the MGM Macau, a 5-star integrated resort located on the Macau Peninsula. The casino has a floor area of approximately 25,459 square meters, with 1,174 slot machines, 427 gaming tables, and multiple VIP and private gaming areas; and hotel that comprises a 35-storey tower with 579 deluxe rooms, including 468 standard guest rooms, 99 luxury suites, and 12 private luxury villas. Its resort offers luxurious amenities, including 8 diverse restaurants and bars, pool and spa facilities, and approximately 1,600 square meters of convertible convention space. In addition, it is involved in the food and beverage operations. The company was incorporated in 2010 and is based in Nape, Macau. MGM China Holdings Limited is a subsidiary of MGM Resorts International Holdings, Ltd.
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