Creative Global Technology (NASDAQ:CGTL) Shares Up 0.8% – What’s Next?

Creative Global Technology Holdings Limited (NASDAQ:CGTL)’s stock price shot up 0.8% during mid-day trading on Wednesday . The stock traded as high as $0.8506 and last traded at $0.8350. 146,323 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 2,347,248 shares. The stock had previously closed at $0.8282.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CGTL. Wall Street Zen downgraded shares of Creative Global Technology from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Creative Global Technology in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Creative Global Technology has a consensus rating of “Sell”.

Creative Global Technology Stock Performance

The stock has a 50-day simple moving average of $0.58 and a 200-day simple moving average of $0.85.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Creative Global Technology stock. Marex Group plc acquired a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 124,505 shares of the company’s stock, valued at approximately $173,000. Marex Group plc owned 0.58% of Creative Global Technology as of its most recent SEC filing.

Creative Global Technology Company Profile

Mission Consumer electronic devices have a limited life, but some rest idle with meaningful useful life left. We help make every minute of recycled consumer electronic devices’ lives count with our expertise in quickly connecting their demands and supplies, thereby facilitating the circular economy in the consumer electronic devices business and reducing waste.