Creative Global Technology (NASDAQ:CGTL) Trading 6.5% Higher – Here’s What Happened

Creative Global Technology Holdings Limited (NASDAQ:CGTL) shares rose 6.5% during mid-day trading on Thursday . The stock traded as high as $2.80 and last traded at $2.64. Approximately 192,577 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 593,818 shares. The stock had previously closed at $2.48.

Wall Street Analyst Weigh In

CGTL has been the subject of a number of research reports. Weiss Ratings restated a “sell (d)” rating on shares of Creative Global Technology in a research note on Monday, December 29th. Wall Street Zen lowered shares of Creative Global Technology to a “strong sell” rating in a report on Saturday, January 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Creative Global Technology Price Performance

The company has a 50 day moving average price of $2.57 and a 200 day moving average price of $1.32.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Creative Global Technology stock. XTX Topco Ltd purchased a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 44,056 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned 0.26% of Creative Global Technology at the end of the most recent reporting period.

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.