Global Interactive Technologies (NASDAQ:GITS) Shares Up 1.4% – Here’s Why

Global Interactive Technologies, Inc. (NASDAQ:GITS) rose 1.4% during trading on Wednesday . The company traded as high as $2.21 and last traded at $2.10. Approximately 22,866 shares traded hands during trading, an increase of 21% from the average daily volume of 18,916 shares. The stock had previously closed at $2.07.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Global Interactive Technologies in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Global Interactive Technologies currently has an average rating of “Sell”.

Global Interactive Technologies Price Performance

The business has a 50-day moving average of $2.29 and a 200-day moving average of $1.90.

Global Interactive Technologies (NASDAQ:GITS) last issued its quarterly earnings results on Friday, August 15th. The company reported ($0.22) earnings per share (EPS) for the quarter. The company had revenue of $0.03 million during the quarter.

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.