CIMG (NASDAQ:IMG) Posts Quarterly Earnings Results

CIMG (NASDAQ:IMG) announced its quarterly earnings data on Thursday. The company reported ($1.43) earnings per share for the quarter, FiscalAI reports. The company had revenue of $15.77 million for the quarter.

CIMG Price Performance

NASDAQ IMG remained flat at $0.22 during trading hours on Friday. 14,298,332 shares of the company traded hands, compared to its average volume of 396,139. CIMG has a 12 month low of $0.19 and a 12 month high of $13.85. The firm has a market capitalization of $2.19 million, a price-to-earnings ratio of -0.06 and a beta of 1.24. The stock has a 50 day simple moving average of $0.83 and a two-hundred day simple moving average of $2.93.

Analysts Set New Price Targets

IMG has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of CIMG in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of CIMG to a “sell” rating in a research note on Saturday, December 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On CIMG

An institutional investor recently bought a new position in CIMG stock. Jane Street Group LLC bought a new position in shares of CIMG Inc. (NASDAQ:IMG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 91,740 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned 0.25% of CIMG at the end of the most recent quarter. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

About CIMG

CIMG Inc is a digital marketing, sales and distribution company for various consumer products with focuses on food and beverages. CIMG Inc, formerly known as NUZEE INC., is based in BEIJING.