VCI Global (NASDAQ:VCIG) Stock Price Down 0.8% – Should You Sell?

Shares of VCI Global Limited (NASDAQ:VCIG) dropped 0.8% during trading on Friday . The stock traded as low as $1.82 and last traded at $1.95. Approximately 300,881 shares were traded during trading, a decline of 82% from the average daily volume of 1,688,333 shares. The stock had previously closed at $1.9650.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of VCI Global in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

VCI Global Price Performance

The stock’s 50-day simple moving average is $25.74 and its 200 day simple moving average is $239.84.

Hedge Funds Weigh In On VCI Global

An institutional investor recently bought a new position in VCI Global stock. Jane Street Group LLC bought a new stake in VCI Global Limited (NASDAQ:VCIG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned about 0.78% of VCI Global as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.20% of the company’s stock.

About VCI Global

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.