CIMG (NASDAQ:IMG) Posts Earnings Results

CIMG (NASDAQ:IMG) posted its quarterly earnings results on Thursday. The company reported ($1.43) EPS for the quarter, FiscalAI reports. The company had revenue of $15.77 million for the quarter.

CIMG Price Performance

NASDAQ:IMG remained flat at $0.22 during mid-day trading on Friday. The stock has a market capitalization of $2.19 million, a price-to-earnings ratio of -0.06 and a beta of 1.24. CIMG has a 1 year low of $0.19 and a 1 year high of $13.85. The stock has a 50 day moving average price of $0.81 and a two-hundred day moving average price of $2.90.

Wall Street Analyst Weigh In

A number of brokerages have commented on IMG. Wall Street Zen upgraded shares of CIMG to a “sell” rating in a research note on Saturday, December 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of CIMG in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On CIMG

An institutional investor recently bought a new position in CIMG stock. Jane Street Group LLC bought a new position in shares of CIMG Inc. (NASDAQ:IMG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 41,617 shares of the company’s stock, valued at approximately $45,000. Jane Street Group LLC owned 0.42% of CIMG at the end of the most recent reporting period. 23.42% of the stock is currently owned by hedge funds and other institutional investors.

CIMG Company Profile

CIMG Inc is a digital marketing, sales and distribution company for various consumer products with focuses on food and beverages. CIMG Inc, formerly known as NUZEE INC., is based in BEIJING.