CIMG (NASDAQ:IMG) Upgraded at Wall Street Zen

CIMG (NASDAQ:IMG) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CIMG in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

CIMG Trading Up 15.9%

Shares of NASDAQ:IMG opened at $2.52 on Friday. The company has a market cap of $495.21 million, a price-to-earnings ratio of -12.60 and a beta of 1.04. The company has a 50-day moving average price of $4.10 and a 200-day moving average price of $5.38. CIMG has a 12 month low of $2.11 and a 12 month high of $28.80.

CIMG (NASDAQ:IMG) last released its quarterly earnings data on Monday, November 3rd. The company reported ($0.60) earnings per share for the quarter. The business had revenue of $0.06 million during the quarter.

Institutional Investors Weigh In On CIMG

A hedge fund recently bought a new stake in CIMG stock. Jane Street Group LLC acquired a new position in shares of CIMG Inc. (NASDAQ:IMG) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 91,740 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned approximately 0.25% of CIMG at the end of the most recent reporting period. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

CIMG Company Profile

CIMG Inc is a digital marketing, sales and distribution company for various consumer products with focuses on food and beverages. CIMG Inc, formerly known as NUZEE INC., is based in BEIJING.