What’s Ahead for MGT Capital Investments Inc.
Post# of 22756
What’s Ahead for MGT Capital Investments Inc. After Today’s Huge Increase?
September 3, 2016 Marguerite Chambers
The stock of MGT Capital Investments Inc. (NYSEMKT:MGT) is a huge mover today! The stock increased 3.74% or $0.12 on September 2, hitting $3.33. About 3.94M shares traded hands or 116.48% up from the average. MGT Capital Investments Inc. (NYSEMKT:MGT) has risen 909.09% since February 1, 2016 and is uptrending. It has outperformed by 896.68% the S&P500. The move comes after 9 months positive chart setup for the $89.89 million company. It was reported on Sep, 3 by Barchart.com. We have $6.43 PT which if reached, will make NYSEMKT:MGT worth $83.60 million 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.”
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