Global Interactive Technologies (NASDAQ:GITS) Issues Quarterly Earnings Results

by · The Markets Daily

Global Interactive Technologies (NASDAQ:GITS – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.25) EPS for the quarter, Zacks reports.

Global Interactive Technologies Trading Down 3.2%

Shares of NASDAQ:GITS traded down $0.07 during trading on Wednesday, hitting $2.11. 53,293 shares of the stock were exchanged, compared to its average volume of 1,206,457. The company has a market cap of $7.75 million, a PE ratio of -1.50 and a beta of -0.64. The company has a fifty day moving average price of $2.05 and a two-hundred day moving average price of $2.06. Global Interactive Technologies has a 12-month low of $0.66 and a 12-month high of $7.09.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Global Interactive Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

View Our Latest Research Report on GITS

Institutional Trading of Global Interactive Technologies

A hedge fund recently bought a new position in Global Interactive Technologies stock. Citadel Advisors LLC purchased a new stake in Global Interactive Technologies, Inc. (NASDAQ:GITS – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,900 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned about 0.49% of Global Interactive Technologies at the end of the most recent reporting period. 0.22% of the stock is owned by hedge funds and other institutional investors.

About Global Interactive Technologies

(Get Free Report)

Global Interactive Technologies, Inc engages in the provision of a global multi-media platform for users to interact with other like-minded users to share appreciation of various types of entertainment and cultures such as K-POP and modern Korean culture. It operates through the FANTOO platform. The company was founded on October 20, 2021 and is headquartered in Seoul, South Korea.

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