MGM China (OTCMKTS:MCHVF) has been downgraded from Outperform to Neutral in a statement by Credit Suisse earlier today.
- Updated: September 23, 2016
Boasting a price of $0.00, MGM China (OTCMKTS:MCHVF) traded 0.00% even on the day. With the last stock price close down 21.27% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. MGM China has recorded a 50-day average of $1.55 and a two hundred day average of $1.43. Volume of trade was down over the average, with 0 shares of MCHVF changing hands under the typical 1,086
Credit Suisse has downgraded MGM China (OTCMKTS:MCHVF) from Outperform to Neutral in a statement released on Friday September 23, 2016. They are also stating a potential upside of 0%.
With a total market value of $0, MGM China has price-earnings ratio of 18.80 with a one year low of $1.04 and a one year high of $1.77 .
Brief Synopsis About MGM China (OTCMKTS: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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