Global Interactive Technologies (NASDAQ:GITS) Releases Quarterly Earnings Results

Global Interactive Technologies (NASDAQ:GITS) posted its earnings results on Wednesday. The company reported ($0.17) EPS for the quarter, Zacks reports. The company had revenue of $1.84 million for the quarter.

Global Interactive Technologies Price Performance

NASDAQ:GITS traded up $0.02 during trading hours on Friday, hitting $1.52. 10,355 shares of the company were exchanged, compared to its average volume of 555,606. Global Interactive Technologies has a 52-week low of $0.87 and a 52-week high of $9.78. The stock has a market capitalization of $5.57 million, a price-to-earnings ratio of -2.44 and a beta of -0.86. The company’s 50 day moving average price is $2.08 and its 200-day moving average price is $2.02.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Global Interactive Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Global Interactive Technologies Company Profile

Global Interactive Technologies, Inc engages in the provision of a global multi-media platform for users to interact with other like-minded users to share appreciation of various types of entertainment and cultures such as K-POP and modern Korean culture. It operates through the FANTOO platform. The company was founded on October 20, 2021 and is headquartered in Seoul, South Korea.