CIMG (NASDAQ:IMG) Raised to “Sell” at Wall Street Zen

CIMG (NASDAQ:IMG) was upgraded by equities research analysts at Wall Street Zen to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CIMG in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

CIMG Price Performance

Shares of IMG stock opened at $2.52 on Friday. The firm has a 50-day moving average of $4.10 and a 200-day moving average of $5.31. CIMG has a one year low of $2.11 and a one year high of $28.80. The company has a market cap of $24.77 million, a P/E ratio of -12.60 and a beta of 1.04.

CIMG (NASDAQ:IMG) last released its quarterly earnings results on Monday, November 3rd. The company reported ($0.60) earnings per share for the quarter. The company had revenue of $0.06 million for the quarter.

Hedge Funds Weigh In On CIMG

A hedge fund recently bought a new stake in CIMG stock. Jane Street Group LLC purchased a new stake in CIMG Inc. (NASDAQ:IMG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 91,740 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned 0.25% of CIMG as of its most recent SEC filing. Institutional investors and hedge funds own 23.42% of the company’s stock.

About CIMG

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.