Creative Global Technology (NASDAQ:CGTL) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Creative Global Technology (NASDAQ:CGTL) from a hold rating to a sell rating in a research report sent to investors on Friday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Creative Global Technology in a research report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Creative Global Technology Price Performance

Creative Global Technology stock opened at $0.61 on Friday. The company’s 50 day simple moving average is $0.70 and its 200-day simple moving average is $1.69. Creative Global Technology has a 1 year low of $0.48 and a 1 year high of $10.59.

Institutional Trading of Creative Global Technology

A hedge fund recently bought a new stake in Creative Global Technology stock. Marex Group plc purchased a new position in Creative Global Technology Holdings Limited (NASDAQ:CGTL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 124,505 shares of the company’s stock, valued at approximately $173,000. Marex Group plc owned about 0.58% of Creative Global Technology as of its most recent SEC filing.

About Creative Global Technology

Mission Consumer electronic devices have a limited life, but some rest idle with meaningful useful life left. We help make every minute of recycled consumer electronic devices’ lives count with our expertise in quickly connecting their demands and supplies, thereby facilitating the circular economy in the consumer electronic devices business and reducing waste.