Creative Global Technology (NASDAQ:CGTL) Stock Falls 4.1% – Time to Sell?

Creative Global Technology Holdings Limited (NASDAQ:CGTL)’s stock price was down 4.1% during mid-day trading on Friday. The company traded as low as $3.75 and last traded at $3.76. Approximately 4,897 shares traded hands during trading, a decline of 87% from the average session volume of 36,544 shares. The stock had previously closed at $3.92.

Analyst Upgrades and Downgrades

CGTL has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Creative Global Technology from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, September 10th. Wall Street Zen raised Creative Global Technology to a “sell” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Creative Global Technology currently has an average rating of “Sell”.

Creative Global Technology Price Performance

The firm has a 50 day moving average of $4.16 and a two-hundred day moving average of $8.46.

Creative Global Technology (NASDAQ:CGTL) last posted its earnings results on Thursday, September 3rd. The company reported ($1.10) EPS for the quarter. The firm had revenue of $9.21 million for the quarter.

Institutional Trading of Creative Global Technology

An institutional investor recently bought a new stake in Creative Global Technology stock. Renaissance Technologies LLC purchased a new stake in Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned 0.65% of Creative Global Technology as of its most recent filing with the Securities and Exchange Commission.

Creative Global Technology Company Profile

Creative Global Technology Holdings Limited (NASDAQ: CGTL) is an electronic components company that engages in the trading and recycling of integrated circuits and other electronic products. Its activities include sourcing, processing and reselling electronic components for customers in the technology and electronics supply chain.

The company’s products and services include new and recycled electronic components, such as memory chips, central processing units and hard disk drives. Its recycling operations are intended to recover value from excess, used or otherwise surplus components while supporting the secondary market for electronic parts.

Creative Global Technology is based in Hong Kong and serves customers and suppliers through its operations in the broader Asian electronics market.