Megaport (OTCMKTS:MGPPF) Shares Down 3.7% – What’s Next?

Megaport Limited (OTCMKTS:MGPPFGet Free Report) shares dropped 3.7% during mid-day trading on Wednesday . The company traded as low as $4.80 and last traded at $4.80. Approximately 2,083 shares changed hands during trading, a decline of 14% from the average daily volume of 2,428 shares. The stock had previously closed at $4.99.

Megaport Price Performance

The stock’s fifty day moving average price is $5.76 and its 200 day moving average price is $7.55.

Megaport Company Profile

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Megaport Limited provides elastic interconnection services to the enterprises and service providers in Australia, New Zealand, Hong Kong, Singapore, Japan, North America, and Europe. It operates a platform that enables customers to connect their network to other services, as well as creates agile network that connects in multiple regions.

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