Creative Global Technology (NASDAQ:CGTL) Shares Scheduled to Reverse Split on Tuesday, July 7th

Creative Global Technology Holdings Limited (NASDAQ:CGTL)’s stock is scheduled to reverse split on Tuesday, July 7th. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, July 6th.

Creative Global Technology Stock Down 5.4%

Shares of Creative Global Technology stock opened at $0.35 on Friday. The business has a fifty day simple moving average of $0.62 and a 200 day simple moving average of $1.54. Creative Global Technology has a 12 month low of $0.15 and a 12 month high of $6.40.

Analysts Set New Price Targets

CGTL has been the topic of a number of recent analyst reports. Wall Street Zen cut Creative Global Technology from a “hold” rating to a “sell” rating in a report on Sunday, April 5th. Weiss Ratings downgraded shares of Creative Global Technology from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Creative Global Technology currently has an average rating of “Sell”.

Institutional Trading of Creative Global Technology

A hedge fund recently bought a new position in Creative Global Technology stock. XTX Topco Ltd bought a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 44,056 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned approximately 0.26% of Creative Global Technology at the end of the most recent quarter.

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.