MGT Capital Investments Inc (MGT) has risen sharply, recording gains of 2.52% in the past 4 weeks. However, the stock has corrected -4.12% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.63% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.22% and the 50-Day Moving Average is 2.99%.The 200 Day SMA reached 109.84% MGT Capital Investments, Inc. has dropped 5.51% during the last 3-month period . Year-to-Date the stock performance stands at 1317.39%.
For the current week, the company shares have a recommendation consensus of Buy. MGT Capital Investments Inc (NYSEMKT:MGT): stock was range-bound between the intraday low of $3.22 and the intraday high of $3.32 after having opened at $3.25 on Fridays session. The stock finally closed in the red at $3.25, a loss of -5.23%. The stock remained in the red for the whole trading day. The total traded volume was 1,455,426 shares. The stock failed to cross $3.32 in Fridays trading. The stocks closing price on Thursday was $3.26.
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. MGTs portfolio of assets in the online, mobile gaming and social casino gaming space includes DraftDay.com, FantasySportsLive.com and Slot Champ. The Companys 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).