SAGTEC GLOBAL (NASDAQ:SAGT) Issues Quarterly Earnings Results

SAGTEC GLOBAL (NASDAQ:SAGT) released its earnings results on Wednesday. The company reported $0.03 EPS for the quarter, FiscalAI reports. The firm had revenue of $5.94 million during the quarter.

SAGTEC GLOBAL Trading Down 2.8%

Shares of NASDAQ:SAGT opened at $0.58 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.87 and a current ratio of 2.87. The stock has a fifty day simple moving average of $0.72. SAGTEC GLOBAL has a 52 week low of $0.54 and a 52 week high of $3.39.

Insider Transactions at SAGTEC GLOBAL

In related news, COO Xin Yee Loong acquired 62,500 shares of SAGTEC GLOBAL stock in a transaction dated Friday, July 31st. The shares were purchased at an average cost of $0.77 per share, with a total value of $48,125.00. Following the completion of the purchase, the chief operating officer owned 62,500 shares of the company’s stock, valued at $48,125. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SAGTEC GLOBAL in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SAGTEC GLOBAL currently has an average rating of “Sell”.

About SAGTEC GLOBAL

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.