The stock of MGT Capital Investments Inc. (NYSEMKT:MGT) is a huge mover today! About 6.11 million shares traded hands or 92.74% up from the average. MGT Capital Investments Inc. (NYSEMKT:MGT) has risen 900.00% since March 9, 2016 and is uptrending. It has outperformed by 892.59% the S&P500.
The move comes after 9 months negative chart setup for the $78.29 million company. It was reported on Oct, 12 by Barchart.com. We have $1.90 PT which if reached, will make NYSEMKT:MGT worth $10.18M less.
Analysts await MGT Capital Investments Inc. (NYSEMKT:MGT) to report earnings on November, 15.
According to Zacks Investment Research, “MGT Capital Investments is an investment company with two direct subsidiaries that focus solely on the dynamic and consolidating HCIT sector. The first subsidiary, Medicsight plc, is a leading developer of computer-aided detection and computer assisted reader software solutions that are tested using one of the world’s largest databases of verified CT scan data. Medicsight’s CAD and CAR products help clinicians identify, measure, and analyze suspicious pathology, such as colorectal polyps and lung lesions. MGT Capital Investments has invested in and controls a second subsidiary, Medicexchange plc, which operates Medicexchange.com, an online multi-vendor sales channel for diagnostic, treatment and surgery planning solutions for cardiac, thoracic, breast imaging, orthopedic, and gastro intestinal imaging. Medicexchange.com provides these solutions in a low-cost, on-demand and downloadable format, enhancing access to information and products for medical imaging professionals.”
More notable recent MGT Capital Investments Inc. (NYSEMKT:MGT) news were published by: Prnewswire.com which released: “MGT Capital Issues Update on D-Vasive Acquisition” on October 11, 2016, also Businesswire.com with their article: “Robbins Arroyo LLP: MGT Capital Investments, Inc. (MGT) Misled Shareholders …” published on October 05, 2016, Prnewswire.com published: “SECURITIES NOTICE: Rosen Law Firm Reminds MGT Capital Investments, Inc …” on September 30, 2016. More interesting news about MGT Capital Investments Inc. (NYSEMKT:MGT) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” published on September 20, 2016 as well as Prnewswire.com‘s news article titled: “MGT Capital Investments, Inc. Investigated For Securities Fraud By Block …” with publication date: September 20, 2016.
MGT Company Profile
MGT Capital Investments, Inc. (MGT), incorporated on January 12, 2007, through its subsidiaries, is engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space, as well as the social casino industry. The Firm operates through two divisions: Gaming and Intellectual Property. MGT’s gaming portfolio includes a social casino platform Slot Champ. It also includes minority stakes in the skill gaming platform MGT Play and fantasy sports operator DraftDay Gaming Group, Inc. (DDGG). The Company’s subsidiaries include Medicsight, Inc. (Medicsight), MGT Sports, Inc. (MGT Sports), MGT Studios, Inc. (MGT Studios) and MGT Gaming, Inc. (MGT Gaming).
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