VCI Global (NASDAQ:VCIG) Trading Down 6.8% – Time to Sell?

VCI Global Limited (NASDAQ:VCIG)’s share price was down 6.8% during trading on Tuesday . The company traded as low as $1.17 and last traded at $1.23. Approximately 214,229 shares were traded during trading, a decline of 67% from the average daily volume of 651,071 shares. The stock had previously closed at $1.32.

Wall Street Analyst Weigh In

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

VCI Global Stock Down 6.8%

The stock’s fifty day moving average price is $11.25 and its 200-day moving average price is $86.20.

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) in the fourth quarter, according to the company in its most recent 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 SEC filing. 0.20% of the stock is currently 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.