VCI Global (NASDAQ:VCIG) Trading Up 4.4% – Still a Buy?

Shares of VCI Global Limited (NASDAQ:VCIG) shot up 4.4% during trading on Thursday . The company traded as high as $0.3450 and last traded at $0.3450. 560,627 shares changed hands 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 research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

VCI Global Stock Performance

The stock’s 50 day moving average price is $0.58 and its 200-day moving average price is $6.89.

VCI Global (NASDAQ:VCIG) last issued its quarterly earnings data on Tuesday, October 7th. The company reported $106.20 earnings per share (EPS) for the quarter. The business 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 stake in VCI Global Limited (NASDAQ:VCIG) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned approximately 0.78% of VCI Global as of its most recent filing with the SEC. 0.20% of the stock is owned by institutional investors and hedge funds.

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.