Creative Global Technology (NASDAQ:CGTL) Posts Quarterly Earnings Results

Creative Global Technology (NASDAQ:CGTL) posted its earnings results on Thursday. The company reported ($1.10) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $9.21 million for the quarter.

Creative Global Technology Stock Performance

CGTL opened at $4.34 on Friday. The firm’s 50-day moving average price is $4.51 and its 200 day moving average price is $12.22. Creative Global Technology has a twelve month low of $2.27 and a twelve month high of $96.00.

Analysts Set New Price Targets

CGTL has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Creative Global Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 16th. Wall Street Zen upgraded Creative Global Technology to a “sell” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Creative Global Technology presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Creative Global Technology stock. Renaissance Technologies LLC bought a new stake in Creative Global Technology Holdings Limited (NASDAQ:CGTL) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 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 reporting period.

Creative Global Technology Company Profile

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.