VCI Global (NASDAQ:VCIG) Announces Quarterly Earnings Results

VCI Global (NASDAQ:VCIG) announced its quarterly earnings results on Tuesday. The company reported ($1,744.29) earnings per share for the quarter, FiscalAI reports. The business had revenue of $3.67 million during the quarter.

VCI Global Trading Down 4.2%

NASDAQ:VCIG opened at $2.03 on Wednesday. VCI Global has a 1 year low of $0.71 and a 1 year high of $2,421.00. The firm’s fifty day simple moving average is $3.43 and its 200 day simple moving average is $12.30.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of VCI Global in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, VCI Global has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in VCI Global stock. Jane Street Group LLC purchased a new stake in VCI Global Limited (NASDAQ:VCIG) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned about 0.78% of VCI Global as of its most recent filing with the Securities & Exchange Commission. 0.20% of the stock is owned by hedge funds and other institutional investors.

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.