VCI Global (NASDAQ:VCIG) Trading Down 11.6% – Time to Sell?

VCI Global Limited (NASDAQ:VCIG) traded down 11.6% on Monday . The stock traded as low as $0.4975 and last traded at $0.50. 2,587,451 shares were traded during mid-day trading, an increase of 32% from the average session volume of 1,959,924 shares. The stock had previously closed at $0.5657.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of VCI Global in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

VCI Global Stock Down 11.6%

The company’s fifty day simple moving average is $0.82 and its 200 day simple moving average is $10.35.

VCI Global (NASDAQ:VCIG) last released its quarterly earnings results on Tuesday, October 7th. The company reported $106.20 earnings per share for the quarter. The firm had revenue of $9.37 million during the quarter.

About VCI Global

VCI Global, Inc (NASDAQ: VCIG) is a provider of outsourced receivables management and credit risk mitigation solutions for corporations, financial institutions and government agencies. The company offers end-to-end account administration services designed to streamline the order-to-cash cycle, helping clients improve cash flow, reduce days sales outstanding and mitigate credit risk across domestic and international markets.

VCI Global’s suite of services encompasses credit application processing, account setup, credit file creation, early-stage reconciliation and disputes management, cash application, and first- and third-party collections.