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

Wall Street Zen lowered shares of Creative Global Technology (NASDAQ:CGTLFree Report) from a hold rating to a sell rating in a report issued on Sunday morning.

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

Check Out Our Latest Report on Creative Global Technology

Creative Global Technology Stock Performance

NASDAQ CGTL opened at $1.24 on Friday. Creative Global Technology has a 12 month low of $0.41 and a 12 month high of $6.52. The company’s 50 day simple moving average is $2.32 and its 200 day simple moving average is $1.50.

Creative Global Technology (NASDAQ:CGTLGet Free Report) last released its 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 during the quarter.

Institutional Trading of Creative Global Technology

An institutional investor recently bought a new position in Creative Global Technology stock. XTX Topco Ltd acquired a new stake in Creative Global Technology Holdings Limited (NASDAQ:CGTLFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 44,056 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned 0.26% of Creative Global Technology as of its most recent filing with the SEC.

About Creative Global Technology

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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.

Further Reading

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