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

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

Creative Global Technology Trading Down 0.9%

Shares of CGTL traded down $0.04 during trading hours on Friday, hitting $4.34. 12,782 shares of the stock traded hands, compared to its average volume of 327,690. The business has a fifty day moving average of $4.54 and a 200-day moving average of $12.27. Creative Global Technology has a 1-year low of $2.27 and a 1-year high of $96.00.

Institutional Trading of Creative Global Technology

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 the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 quarter.

Wall Street Analysts Forecast Growth

CGTL has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Creative Global Technology to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings downgraded shares of Creative Global Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Creative Global Technology

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.