Hitek Global Inc. (NASDAQ:HKIT – Get Free Report) shares traded up 2.6% during mid-day trading on Friday . The company traded as high as $3.15 and last traded at $3.11. 16,878 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 146,998 shares. The stock had previously closed at $3.03.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Hitek Global in a research report on Tuesday, July 21st. Wall Street Zen raised shares of Hitek Global to a “hold” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Hitek Global presently has a consensus rating of “Sell”.
View Our Latest Stock Report on Hitek Global
Hitek Global Trading Up 2.6%
Institutional Investors Weigh In On Hitek Global
An institutional investor recently bought a new stake in Hitek Global stock. Susquehanna International Group LLP purchased a new stake in shares of Hitek Global Inc. (NASDAQ:HKIT – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 41,425 shares of the company’s stock, valued at approximately $73,000. Susquehanna International Group LLP owned 0.29% of Hitek Global at the end of the most recent reporting period. 1.19% of the stock is owned by institutional investors and hedge funds.
About Hitek Global
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.
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