MGT Capital Investments (MGT) was Initiated by Ascendiant Capital Markets to “Buy” and the brokerage firm has set the Price Target at $6. Ascendiant Capital Markets advised their investors in a research report released on Aug 15, 2016.
MGT Capital Investments opened for trading at $3.2 and hit $3.23 on the upside on Friday, eventually ending the session at $3.18, with a gain of 2.91% or 0.09 points. The heightened volatility saw the trading volume jump to 12,58,899 shares. Company has a market cap of $76 M.
In a different news, on May 31, 2016, Robert Ladd (President, CEO, Interim CFO) sold 190,903 shares at $2.48 per share price. According to the SEC, on May 31, 2016, Michael Onghai (director) sold 6,545 shares at $5.33 per share price.
MGT Capital Investments Inc. (MGT) through its subsidiaries is engaged in the business of acquiring developing and monetizing assets in the online and mobile gaming space and social casino. The Company has four segments: Medicsight Software/Devices Medicsight Services Gaming and Intellectual Property. MGT’s portfolio of assets in the online mobile gaming and social casino gaming space includes DraftDay.com FantasySportsLive.com and Slot Champ. The Company’s direct and indirect owned subsidiaries include MGT Gaming Inc. (MGT Gaming) MGT Interactive LLC (MGT Interactive) Medicsight Inc. (Medicsight) MGT Studios Inc. (MGT Studios) M2P Americas Inc. MGT Sports Inc. (MGT Sports) and FanTD LLC (FanTD).