Wall Street Zen Downgrades Creative Global Technology (NASDAQ:CGTL) to Strong Sell

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

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, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Creative Global Technology Stock Down 5.8%

Shares of NASDAQ:CGTL opened at $2.74 on Friday. The business’s 50 day moving average price is $1.48 and its 200-day moving average price is $0.98. Creative Global Technology has a 1 year low of $0.41 and a 1 year high of $6.52.

Hedge Funds Weigh In On Creative Global Technology

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

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.