Hitek Global (NASDAQ:HKIT) Posts Quarterly Earnings Results

Hitek Global (NASDAQ:HKIT) released its earnings results on Friday. The company reported ($0.08) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.61 million for the quarter.

Hitek Global Trading Up 3.0%

NASDAQ:HKIT opened at $2.60 on Friday. The company’s 50 day moving average price is $2.70 and its 200-day moving average price is $20.81. Hitek Global has a 52 week low of $2.16 and a 52 week high of $15,675.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hitek Global in a research report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Hitek Global Company Profile

Hitek Global Inc is a China-based information technology services company that provides IT products and solutions primarily to small and medium-sized businesses. Through its operating subsidiaries, the company helps customers deploy and maintain technology infrastructure and related business systems.

Its offerings include sales of information technology hardware and software, system installation, technical support, maintenance, and customized software or IT solutions. Hitek Global also provides products and services related to tax-control systems, which can help businesses meet applicable tax reporting and invoicing requirements.

The company is headquartered in Suzhou, China, and its business activities are focused primarily on the Chinese market, including Jiangsu Province and surrounding areas.