Creative Global Technology (NASDAQ:CGTL) Cut to “Sell” at Wall Street Zen

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

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Creative Global Technology in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Read Our Latest Analysis on CGTL

Creative Global Technology Stock Down 13.2%

Shares of NASDAQ:CGTL opened at $1.18 on Friday. The company has a 50 day moving average of $2.81 and a 200 day moving average of $1.45. Creative Global Technology has a 12 month low of $0.41 and a 12 month high of $6.52.

Institutional Investors Weigh In On Creative Global Technology

A hedge fund recently bought a new stake in Creative Global Technology stock. XTX Topco Ltd bought a new stake in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTLFree Report) in 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 about 0.26% of Creative Global Technology at the end of the most recent reporting period.

Creative Global Technology Company Profile

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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.

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