VCI Global (NASDAQ:VCIG) Announces Earnings Results

VCI Global (NASDAQ:VCIG) issued its earnings results on Friday. The company reported ($8.27) EPS for the quarter, reports. The business had revenue of $1.28 million during the quarter.

VCI Global Stock Performance

Shares of VCIG traded down $0.02 during mid-day trading on Friday, hitting $0.25. 653,662 shares of the company’s stock were exchanged, compared to its average volume of 1,061,528. The firm has a fifty day moving average of $2.11 and a two-hundred day moving average of $22.94. VCI Global has a twelve month low of $0.22 and a twelve month high of $3,195.00.

Wall Street Analyst Weigh In

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

About VCI Global

VCI Global Limited is a diversified consulting and technology company headquartered in Kuala Lumpur, Malaysia. The company provides advisory and professional services to public and private businesses, with activities spanning capital markets, corporate finance, mergers and acquisitions, fundraising, and initial public offerings.

Through its technology-related operations, VCI Global focuses on fintech, artificial intelligence, robotics, and blockchain applications. Its services and solutions are intended to support digital transformation and the development of technology-enabled businesses.