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

Creative Global Technology (NASDAQ:CGTL) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Creative Global Technology in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Creative Global Technology presently has a consensus rating of “Sell”.

Creative Global Technology Price Performance

NASDAQ:CGTL opened at $1.24 on Friday. Creative Global Technology has a fifty-two week low of $0.41 and a fifty-two week high of $6.52. The company has a 50 day simple moving average of $2.32 and a two-hundred day simple moving average of $1.49.

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

Institutional Trading of Creative Global Technology

A hedge fund recently bought a new stake in Creative Global Technology stock. XTX Topco Ltd acquired a new position in Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 44,056 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned about 0.26% of Creative Global Technology as of its most recent SEC filing.

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.