The stock of MGT Capital Investments Inc. (NYSEMKT:MGT) is a huge mover today! About 3.99 million shares traded hands or 15.99% up from the average. MGT Capital Investments Inc. (NYSEMKT:MGT) has risen 711.54% since March 11, 2016 and is uptrending. It has outperformed by 706.08% the S&P500.
The move comes after 9 months positive chart setup for the $67.12M company. It was reported on Oct, 14 by Barchart.com. We have $3.58 PT which if reached, will make NYSEMKT:MGT worth $20.14M more.
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: Finance.Yahoo.com which released: “MGT LOSS ALERT: Rosen Law Firm Reminds MGT Capital Investments, Inc. Investors …” 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 Finance.Yahoo.com‘s news article titled: “Harwood Feffer LLP Announces Investigation of MGT Capital Investments, Inc.” with publication date: September 29, 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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