Hitek Global (NASDAQ:HKIT) Trading Down 1.8%

Hitek Global Inc. (NASDAQ:HKIT)’s stock price dropped 1.8% during mid-day trading on Wednesday . The stock traded as low as $1.60 and last traded at $1.68. Approximately 31,059 shares were traded during trading, a decline of 97% from the average daily volume of 1,168,911 shares. The stock had previously closed at $1.71.

Hitek Global Stock Down 1.8 %

The company has a 50-day simple moving average of $1.53 and a 200-day simple moving average of $1.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 7.28 and a current ratio of 7.35.

Institutional Trading of Hitek Global

A hedge fund recently bought a new stake in Hitek Global stock. B. Riley Wealth Advisors Inc. purchased a new position in shares of Hitek Global Inc. (NASDAQ:HKIT) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,000 shares of the company’s stock, valued at approximately $32,000. B. Riley Wealth Advisors Inc. owned approximately 0.10% of Hitek Global at the end of the most recent quarter. Institutional investors own 1.19% of the company’s stock.

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.