SAGTEC GLOBAL (NASDAQ:SAGT) Issues Quarterly Earnings Results

SAGTEC GLOBAL (NASDAQ:SAGT) posted its earnings results on Wednesday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $5.94 million for the quarter.

SAGTEC GLOBAL Price Performance

Shares of NASDAQ SAGT opened at $0.60 on Thursday. The firm has a 50 day moving average price of $0.73. SAGTEC GLOBAL has a 52-week low of $0.54 and a 52-week high of $3.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.87 and a current ratio of 2.87.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SAGTEC GLOBAL in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, SAGTEC GLOBAL currently has an average rating of “Sell”.

Insiders Place Their Bets

In other SAGTEC GLOBAL news, COO Xin Yee Loong purchased 62,500 shares of the business’s stock in a transaction on Friday, July 31st. The shares were bought at an average cost of $0.77 per share, for a total transaction of $48,125.00. Following the completion of the purchase, the chief operating officer directly owned 62,500 shares of the company’s stock, valued at approximately $48,125. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

About SAGTEC GLOBAL

Our business was originally incorporated in Malaysia in 2018, and is principally involved in the provision of customizable software solutions encompassing several types of software such as a smart ordering system, Speed +, which is a smart solutions application software for the food and beverage industry. The Speed+ software is installed onto our existing Point of Sale (POS) machines, which are sourced from third-party suppliers. These POS machines, equipped with Speed+, are then leased to clients, providing a seamless and integrated solution for efficient order management and transaction processing.