CIMG (NASDAQ:IMG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CIMG (NASDAQ:IMG) to a sell rating in a research note published on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CIMG in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

CIMG Stock Performance

Shares of NASDAQ IMG opened at $2.15 on Friday. The stock’s 50-day simple moving average is $4.04 and its 200-day simple moving average is $5.25. The firm has a market capitalization of $21.13 million, a PE ratio of -10.75 and a beta of 1.04. CIMG has a fifty-two week low of $2.08 and a fifty-two week high of $28.80.

CIMG (NASDAQ:IMG) last announced its quarterly earnings results on Monday, November 3rd. The company reported ($0.60) EPS for the quarter. The business had revenue of $0.06 million for the quarter.

Hedge Funds Weigh In On CIMG

A hedge fund recently bought a new stake in CIMG stock. Jane Street Group LLC acquired a new position in shares of CIMG Inc. (NASDAQ:IMG) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 91,740 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned 0.25% of CIMG at the end of the most recent quarter. 23.42% of the stock is currently owned by institutional investors and hedge funds.

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.