Global Interactive Technologies (NASDAQ:GITS – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.25) earnings per share (EPS) for the quarter, Zacks reports.
Global Interactive Technologies Stock Down 3.2%
NASDAQ:GITS traded down $0.07 on Wednesday, reaching $2.11. 53,188 shares of the company’s stock were exchanged, compared to its average volume of 1,206,451. The business has a fifty day moving average of $2.05 and a 200-day moving average of $2.06. The firm has a market capitalization of $7.75 million, a price-to-earnings ratio of -1.50 and a beta of -0.64. Global Interactive Technologies has a 52-week low of $0.66 and a 52-week high of $7.09.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Global Interactive Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Global Interactive Technologies has an average rating of “Sell”.
Hedge Funds Weigh In On Global Interactive Technologies
A hedge fund recently bought a new stake in Global Interactive Technologies stock. Citadel Advisors LLC bought a new stake in Global Interactive Technologies, Inc. (NASDAQ:GITS – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,900 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned approximately 0.49% of Global Interactive Technologies at the end of the most recent quarter. 0.22% of the stock is currently owned by institutional investors and hedge funds.
About Global Interactive Technologies
Global Interactive Technologies, Inc engages in the provision of a global multi-media platform for users to interact with other like-minded users to share appreciation of various types of entertainment and cultures such as K-POP and modern Korean culture. It operates through the FANTOO platform. The company was founded on October 20, 2021 and is headquartered in Seoul, South Korea.
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