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

Creative Global Technology (NASDAQ:CGTLGet Free Report) was downgraded by analysts at Wall Street Zen to a “strong sell” rating in a research 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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Read Our Latest Stock Analysis on CGTL

Creative Global Technology Stock Down 5.8%

Creative Global Technology stock opened at $2.74 on Friday. The stock has a 50-day moving average price of $1.48 and a 200 day moving average price of $0.98. Creative Global Technology has a 52 week low of $0.41 and a 52 week high of $6.52.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Creative Global Technology stock. Marex Group plc bought a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTLFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 124,505 shares of the company’s stock, valued at approximately $173,000. Marex Group plc owned approximately 0.58% of Creative Global Technology as of its most recent SEC filing.

Creative Global Technology Company Profile

(Get Free Report)

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.

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