Hitek Global (NASDAQ:HKIT) Trading Up 0.8% – Here’s What Happened

Hitek Global Inc. (NASDAQ:HKIT) shares were up 0.8% during mid-day trading on Tuesday . The company traded as high as $1.91 and last traded at $1.89. Approximately 5,461 shares were traded during trading, a decline of 90% from the average daily volume of 52,597 shares. The stock had previously closed at $1.87.

Hitek Global Stock Up 0.8%

The company’s 50 day moving average is $1.64 and its 200 day moving average is $1.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hitek Global stock. Citadel Advisors LLC bought a new stake in shares of Hitek Global Inc. (NASDAQ:HKIT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,884 shares of the company’s stock, valued at approximately $31,000. Citadel Advisors LLC owned approximately 0.15% of Hitek Global as of its most recent SEC filing. Institutional investors and hedge funds own 1.19% of the company’s stock.

Hitek Global Company Profile

Hitek Global Inc provides information technology (IT) consulting and solutions to small and medium businesses in various industry sectors in China. It offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells software and hardware to large businesses, such as laptops, printers, desktop computers, and related accessories, as well as Internet servers, cameras, and monitors.