VCI Global (NASDAQ:VCIG) Shares Down 0.8% – Here’s Why

VCI Global Limited (NASDAQ:VCIGGet Free Report)’s share price traded down 0.8% during mid-day trading on Friday . The stock traded as low as $1.82 and last traded at $1.95. 300,881 shares traded hands during trading, a decline of 82% from the average session volume of 1,688,333 shares. The stock had previously closed at $1.9650.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on VCI Global

VCI Global Stock Performance

The business’s 50 day moving average is $25.74 and its two-hundred day moving average is $229.61.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VCI Global stock. Jane Street Group LLC acquired a new stake in VCI Global Limited (NASDAQ:VCIGFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned 0.78% of VCI Global as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.20% of the company’s stock.

About VCI Global

(Get Free Report)

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.

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