VCI Global (NASDAQ:VCIG) Shares Down 1.5% – What’s Next?
by Mitch Edgeman · The Markets DailyVCI Global Limited (NASDAQ:VCIG – Get Free Report) was down 1.5% on Monday . The company traded as low as $0.2842 and last traded at $0.3110. Approximately 5,045,927 shares were traded during mid-day trading, an increase of 59% from the average session volume of 3,175,305 shares. The stock had previously closed at $0.3158.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of VCI Global in a report on Monday, July 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, VCI Global has an average rating of “Sell”.
Check Out Our Latest Stock Report on VCI Global
VCI Global Trading Down 5.9%
The company’s 50-day moving average is $3.31 and its two-hundred day moving average is $7.99.
VCI Global (NASDAQ:VCIG – Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The company reported ($231.51) EPS for the quarter. The business had revenue of $3.67 million for the quarter.
Institutional Trading of VCI Global
A hedge fund recently bought a new stake in VCI Global stock. Jane Street Group LLC bought a new stake in VCI Global Limited (NASDAQ:VCIG – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned 0.78% of VCI Global at the end of the most recent reporting period. 0.20% of the stock is owned by hedge funds and other institutional investors.
VCI Global Company Profile
VCI Global, Inc (NASDAQ: VCIG) is a provider of outsourced receivables management and credit risk mitigation solutions for corporations, financial institutions and government agencies. The company offers end-to-end account administration services designed to streamline the order-to-cash cycle, helping clients improve cash flow, reduce days sales outstanding and mitigate credit risk across domestic and international markets.
VCI Global’s suite of services encompasses credit application processing, account setup, credit file creation, early-stage reconciliation and disputes management, cash application, and first- and third-party collections.