Creative Global Technology (NASDAQ:CGTL) Upgraded by Wall Street Zen to Hold Rating

Creative Global Technology (NASDAQ:CGTL) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Creative Global Technology in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Creative Global Technology Stock Down 4.5%

NASDAQ CGTL opened at $1.05 on Friday. The stock has a 50-day moving average of $2.54 and a 200 day moving average of $1.47. Creative Global Technology has a twelve month low of $0.41 and a twelve month high of $6.52.

Creative Global Technology (NASDAQ:CGTL) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.07 EPS for the quarter. The business had revenue of $4.45 million during the quarter.

Hedge Funds Weigh In On Creative Global Technology

A hedge fund recently bought a new stake in Creative Global Technology stock. XTX Topco Ltd purchased a new position in Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 44,056 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned about 0.26% 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.