CIMG (NASDAQ:IMG) Releases Earnings Results

CIMG (NASDAQ:IMG) released its earnings results 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 Price Performance

NASDAQ IMG traded down $0.00 during trading on Wednesday, reaching $0.19. 2,273,146 shares of the company’s stock were exchanged, compared to its average volume of 6,176,158. The business has a 50 day moving average price of $0.25 and a 200-day moving average price of $0.33. The stock has a market capitalization of $37.61 million, a P/E ratio of -0.09 and a beta of 0.98. CIMG has a fifty-two week low of $0.19 and a fifty-two week high of $1.91.

Institutional Inflows and Outflows

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 second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 and Exchange Commission. Institutional investors own 23.42% of the company’s stock.

Analysts Set New Price Targets

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

CIMG Company Profile

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.