VCI Global (NASDAQ:VCIG) Trading Up 4.4% – Time to Buy?

VCI Global Limited (NASDAQ:VCIG) shares traded up 4.4% during mid-day trading on Thursday . The company traded as high as $0.3450 and last traded at $0.3450. 560,627 shares were traded during mid-day trading, a decline of 58% from the average session volume of 1,342,008 shares. The stock had previously closed at $0.3306.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of VCI Global in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

VCI Global Trading Down 7.5%

The business has a fifty day moving average price of $0.57 and a 200-day moving average price of $6.68.

VCI Global (NASDAQ:VCIG) last announced its earnings results on Tuesday, October 7th. The company reported $106.20 earnings per share for the quarter. The firm had revenue of $9.37 million for the quarter.

Hedge Funds Weigh In On VCI Global

A hedge fund recently bought a new stake in VCI Global stock. Jane Street Group LLC purchased a new position in shares of VCI Global Limited (NASDAQ:VCIG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned 0.78% of VCI Global as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.20% of the company’s stock.

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.