SAGTEC GLOBAL (NASDAQ:SAGT) COO Acquires 62,500 Shares

SAGTEC GLOBAL Ltd (NASDAQ:SAGT) COO Xin Yee Loong acquired 62,500 shares of SAGTEC GLOBAL stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $0.77 per share, for a total transaction of $48,125.00. Following the completion of the purchase, the chief operating officer directly owned 62,500 shares in the company, valued at approximately $48,125. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

SAGTEC GLOBAL Stock Down 7.9%

Shares of NASDAQ:SAGT traded down $0.06 during trading on Thursday, reaching $0.72. 523,507 shares of the stock were exchanged, compared to its average volume of 1,559,271. The company has a 50-day moving average price of $0.98. SAGTEC GLOBAL Ltd has a 12-month low of $0.70 and a 12-month high of $3.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.87 and a current ratio of 2.87.

SAGTEC GLOBAL (NASDAQ:SAGT) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.11) EPS for the quarter. The company had revenue of $3.95 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of SAGTEC GLOBAL in a research note on Thursday, May 21st. They issued a “sell (d)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, 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.