VCI Global (NASDAQ:VCIG) Issues Quarterly Earnings Results

VCI Global (NASDAQ:VCIG) posted its quarterly earnings results on Friday. The company reported ($8.27) EPS for the quarter, reports. The business had revenue of $1.28 million during the quarter.

VCI Global Trading Down 8.0%

NASDAQ:VCIG traded down $0.02 during mid-day trading on Friday, hitting $0.25. The company had a trading volume of 676,120 shares, compared to its average volume of 8,331,193. The business has a fifty day simple moving average of $2.02 and a 200-day simple moving average of $22.79. VCI Global has a 1 year low of $0.22 and a 1 year high of $3,195.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of VCI Global in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

VCI Global Company Profile

VCI Global Limited is a diversified consulting and technology company headquartered in Kuala Lumpur, Malaysia. The company provides advisory and professional services to public and private businesses, with activities spanning capital markets, corporate finance, mergers and acquisitions, fundraising, and initial public offerings.

Through its technology-related operations, VCI Global focuses on fintech, artificial intelligence, robotics, and blockchain applications. Its services and solutions are intended to support digital transformation and the development of technology-enabled businesses.