Global Interactive Technologies (NASDAQ:GITS) Posts Earnings Results

Global Interactive Technologies (NASDAQ:GITS) released its earnings results on Wednesday. The company reported ($0.25) EPS for the quarter, Zacks reports.

Global Interactive Technologies Trading Down 3.2%

Shares of NASDAQ GITS traded down $0.07 during trading on Wednesday, reaching $2.11. 53,188 shares of the company traded hands, compared to its average volume of 1,206,451. The stock has a market cap of $7.75 million, a P/E ratio of -1.50 and a beta of -0.64. Global Interactive Technologies has a 12-month low of $0.66 and a 12-month high of $7.09. The firm’s fifty day simple moving average is $2.05 and its 200 day simple moving average is $2.06.

Institutional Trading of Global Interactive Technologies

An institutional investor recently bought a new position in Global Interactive Technologies stock. Citadel Advisors LLC purchased a new position in Global Interactive Technologies, Inc. (NASDAQ:GITS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,900 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned approximately 0.49% of Global Interactive Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised 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, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Global Interactive Technologies Company Profile

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.