Wall Street Zen Upgrades Hitek Global (NASDAQ:HKIT) to Hold

Hitek Global (NASDAQ:HKIT) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Hitek Global in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Hitek Global has an average rating of “Sell”.

Hitek Global Trading Down 10.6%

Shares of NASDAQ:HKIT opened at $1.46 on Friday. The firm has a fifty day moving average price of $10.48 and a 200 day moving average price of $183.40. Hitek Global has a 1-year low of $1.46 and a 1-year high of $627.00.

Hitek Global (NASDAQ:HKIT) last issued its quarterly earnings results on Friday, April 24th. The company reported $2.28 earnings per share for the quarter. The business had revenue of $2.90 million for the quarter.

Hedge Funds Weigh In On Hitek Global

An institutional investor recently bought a new position in Hitek Global stock. XTX Topco Ltd acquired a new position in shares of Hitek Global Inc. (NASDAQ:HKIT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,063 shares of the company’s stock, valued at approximately $25,000. 1.19% of the stock is owned by hedge funds and other institutional investors.

Hitek Global Company Profile

Hitek Global Inc provides information technology (IT) consulting and solutions to small and medium businesses in various industry sectors in China. It offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; and sells software and hardware to large businesses, such as laptops, printers, desktop computers, and related accessories, as well as Internet servers, cameras, and monitors. The company was founded in 1996 and is headquartered in Xiamen, China.