Creative Global Technology (NASDAQ:CGTL) Shares Up 6.5% – Time to Buy?

Shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) rose 6.5% during mid-day trading on Thursday . The company traded as high as $2.80 and last traded at $2.64. Approximately 192,577 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 593,818 shares. The stock had previously closed at $2.48.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CGTL. Weiss Ratings reissued a “sell (d)” rating on shares of Creative Global Technology in a research note on Monday, December 29th. Wall Street Zen downgraded Creative Global Technology to a “strong sell” rating in a report on Saturday, January 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Creative Global Technology Stock Up 6.5%

The company’s fifty day moving average price is $2.57 and its two-hundred day moving average price is $1.32.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Creative Global Technology stock. Marex Group plc purchased a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 124,505 shares of the company’s stock, valued at approximately $173,000. Marex Group plc owned about 0.58% of Creative Global Technology at the end of the most recent reporting period.

About Creative Global Technology

Creative Global Technology Holdings Inc (NASDAQ: CGTL) is a China-based provider of advanced electronics manufacturing services specializing in the design and production of semiconductor packaging substrates, printed circuit boards (PCBs) and related back-end assembly solutions. The company’s core capabilities encompass high-density interconnect substrates, leadframe and leadless chip carriers, and system-in-package modules, enabling customers to address the miniaturization and performance demands of modern electronic devices.

CGTL serves a broad spectrum of end markets, including smartphones, tablets, computing devices, automotive electronics, and industrial applications.