SAGTEC GLOBAL (NASDAQ:SAGT) Posts Quarterly Earnings Results

SAGTEC GLOBAL (NASDAQ:SAGT) issued its quarterly earnings data on Wednesday. The company reported $0.03 EPS for the quarter, FiscalAI reports. The company had revenue of $5.94 million for the quarter.

SAGTEC GLOBAL Stock Down 2.7%

NASDAQ:SAGT opened at $0.61 on Wednesday. SAGTEC GLOBAL has a twelve month low of $0.54 and a twelve month high of $3.39. The business’s 50 day moving average price is $0.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.87 and a quick ratio of 2.87.

Insider Activity

In other SAGTEC GLOBAL news, COO Xin Yee Loong acquired 62,500 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $0.77 per share, with a total value of $48,125.00. Following the completion of the transaction, the chief operating officer directly owned 62,500 shares in the company, valued at $48,125. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SAGTEC GLOBAL in a report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

SAGTEC GLOBAL Company Profile

Our business was originally incorporated in Malaysia in 2018, and is principally involved in the provision of customizable software solutions encompassing several types of software such as a smart ordering system, Speed +, which is a smart solutions application software for the food and beverage industry. The Speed+ software is installed onto our existing Point of Sale (POS) machines, which are sourced from third-party suppliers. These POS machines, equipped with Speed+, are then leased to clients, providing a seamless and integrated solution for efficient order management and transaction processing.