Creative Global Technology (NASDAQ:CGTL) Lowered to “Sell” Rating by Wall Street Zen

Creative Global Technology (NASDAQ:CGTL) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Creative Global Technology in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Creative Global Technology Stock Performance

NASDAQ CGTL opened at $1.24 on Friday. The company has a fifty day moving average price of $2.32 and a 200-day moving average price of $1.49. Creative Global Technology has a 1 year low of $0.41 and a 1 year high of $6.52.

Creative Global Technology (NASDAQ:CGTL) last released its quarterly earnings results on Friday, January 30th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $4.45 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Creative Global Technology stock. XTX Topco Ltd purchased a new stake in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.

Creative Global Technology Company Profile

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.