The stock of Megaport Ltd (ASX:MP1) is a huge mover today! The stock increased 7.30% or $0.17 on November 22, hitting $2.5. About 82,610 shares traded hands. Megaport Ltd (ASX:MP1) has risen 38.89% since April 26, 2016 and is uptrending. It has outperformed by 34.33% the S&P500.
The move comes after 7 months positive chart setup for the $139.76 million company. It was reported on Nov, 22 by Barchart.com. We have $2.70 PT which if reached, will make ASX:MP1 worth $11.18 million more.
More news for Megaport Ltd (ASX:MP1) were recently published by: Fool.com.Au, which released: “Megaport shares rocket on ASX debut” on December 17, 2015. Fool.com.Au‘s article titled: “Are these are the best and worst shares for 2016?” and published on December 29, 2015 is yet another important article.
Megaport Limited is engaged in the provision of elastic interconnection services to its customers. The company has a market cap of $139.76 million. The Company’s divisions include Megaport , Megaport (North America), Megaport (Europe) and Other. It currently has negative earnings. The Megaport (Asia-Pacific) segment includes Australia, New Zealand, Hong Kong and Singapore.
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