Hitek Global (NASDAQ:HKIT – Get Free Report) released its earnings results on Friday. The company reported ($0.08) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.61 million during the quarter.
Hitek Global Stock Up 3.0%
Shares of Hitek Global stock traded up $0.07 during trading on Friday, reaching $2.60. 12,803,563 shares of the company were exchanged, compared to its average volume of 681,002. The business has a 50-day moving average price of $2.70 and a 200-day moving average price of $20.81. Hitek Global has a twelve month low of $2.16 and a twelve month high of $15,675.00.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Hitek Global in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
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About Hitek Global
Hitek Global Inc is a China-based information technology services company that provides IT products and solutions primarily to small and medium-sized businesses. Through its operating subsidiaries, the company helps customers deploy and maintain technology infrastructure and related business systems.
Its offerings include sales of information technology hardware and software, system installation, technical support, maintenance, and customized software or IT solutions. Hitek Global also provides products and services related to tax-control systems, which can help businesses meet applicable tax reporting and invoicing requirements.
The company is headquartered in Suzhou, China, and its business activities are focused primarily on the Chinese market, including Jiangsu Province and surrounding areas.
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