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

Creative Global Technology (NASDAQ:CGTLGet Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

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

Get Our Latest Stock Analysis on Creative Global Technology

Creative Global Technology Trading Down 4.0%

Shares of CGTL stock opened at $1.19 on Friday. Creative Global Technology has a 1-year low of $0.41 and a 1-year high of $6.52. The firm’s 50-day simple moving average is $2.28 and its 200-day simple moving average is $1.50.

Creative Global Technology (NASDAQ:CGTLGet Free Report) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $4.45 million for the quarter.

Institutional Inflows and Outflows

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

About Creative Global Technology

(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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