VCI Global (NASDAQ:VCIG) Shares Down 12.6% – Time to Sell?

VCI Global Limited (NASDAQ:VCIG) fell 12.6% during mid-day trading on Wednesday . The company traded as low as $7.62 and last traded at $7.86. 621,777 shares were traded during mid-day trading, a decline of 92% from the average session volume of 7,927,841 shares. The stock had previously closed at $8.99.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of VCI Global in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

VCI Global Stock Down 12.6%

The firm’s 50 day moving average is $1.88 and its 200-day moving average is $23.05.

Hedge Funds Weigh In On VCI Global

A hedge fund recently bought a new stake in VCI Global stock. Jane Street Group LLC purchased a new stake in VCI Global Limited (NASDAQ:VCIG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 47,075 shares of the company’s stock, valued at approximately $25,000. Jane Street Group LLC owned approximately 0.78% of VCI Global as of its most recent SEC filing. Institutional investors own 0.20% of the company’s stock.

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.