CIMG (NASDAQ:IMG) Rating Increased to Sell at Wall Street Zen

CIMG (NASDAQ:IMG) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CIMG in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CIMG currently has a consensus rating of “Sell”.

CIMG Price Performance

Shares of CIMG stock opened at $2.52 on Friday. The company’s 50 day moving average price is $4.10 and its two-hundred day moving average price is $5.38. The firm has a market capitalization of $495.21 million, a P/E ratio of -12.60 and a beta of 1.04. CIMG has a fifty-two week low of $2.11 and a fifty-two week high of $28.80.

CIMG (NASDAQ:IMG) last announced its quarterly earnings results on Monday, November 3rd. The company reported ($0.60) EPS for the quarter. The firm had revenue of $0.06 million during the quarter.

Institutional Investors Weigh In On CIMG

An institutional investor recently bought a new position in CIMG stock. Jane Street Group LLC purchased a new position in shares of CIMG Inc. (NASDAQ:IMG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 91,740 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned approximately 0.25% of CIMG as of its most recent filing with the Securities and Exchange Commission (SEC). 23.42% of the stock is owned by institutional investors.

CIMG Company Profile

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.