CIMG (NASDAQ:IMG) Releases Quarterly Earnings Results

CIMG (NASDAQ:IMG) announced its quarterly earnings data on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $0.06 million during the quarter.

CIMG Trading Down 2.1%

CIMG stock traded down $0.00 during mid-day trading on Wednesday, hitting $0.19. 2,177,961 shares of the company’s stock were exchanged, compared to its average volume of 6,176,158. The stock has a market cap of $37.61 million, a P/E ratio of -0.09 and a beta of 0.98. CIMG has a 1-year low of $0.19 and a 1-year high of $1.91. The stock has a 50 day moving average of $0.25 and a two-hundred day moving average of $0.33.

Analysts Set New Price Targets

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

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 its most recent disclosure with the Securities & Exchange Commission. The firm purchased 91,740 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned about 0.25% of CIMG as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.