Creative Global Technology (NASDAQ:CGTL) Stock Rating Upgraded by Wall Street Zen

Creative Global Technology (NASDAQ:CGTL) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

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

Creative Global Technology Trading Down 4.5%

Shares of NASDAQ CGTL opened at $1.05 on Friday. Creative Global Technology has a 52 week low of $0.41 and a 52 week high of $6.52. The business’s 50 day moving average price is $2.54 and its 200 day moving average price is $1.47.

Creative Global Technology (NASDAQ:CGTL) last posted its quarterly earnings results on Friday, January 30th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $4.45 million for the quarter.

Institutional Investors Weigh In On Creative Global Technology

An institutional investor recently bought a new position in Creative Global Technology stock. XTX Topco Ltd bought a new stake in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 44,056 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned approximately 0.26% of Creative Global Technology at the end of the most recent reporting period.

About Creative Global Technology

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.