Creative Global Technology (NASDAQ:CGTL) Releases Earnings Results

Creative Global Technology (NASDAQ:CGTL) released its quarterly earnings data on Thursday. The company reported ($1.10) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $9.21 million during the quarter.

Creative Global Technology Price Performance

Shares of NASDAQ:CGTL traded down $0.04 on Friday, hitting $4.34. The company had a trading volume of 12,782 shares, compared to its average volume of 327,690. The stock has a 50 day moving average price of $4.54 and a 200 day moving average price of $12.27. Creative Global Technology has a 1-year low of $2.27 and a 1-year high of $96.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Creative Global Technology stock. Renaissance Technologies LLC purchased a new position in shares of Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 111,359 shares of the company’s stock, valued at approximately $118,000. Renaissance Technologies LLC owned about 0.65% of Creative Global Technology at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Creative Global Technology to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings downgraded shares of Creative Global Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.