CIMG (NASDAQ:IMG) Posts Earnings Results

CIMG (NASDAQ:IMG) issued its earnings results on Thursday. The company reported ($1.43) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $15.77 million for the quarter.

CIMG Stock Down 55.6%

Shares of CIMG stock traded down $0.28 on Thursday, reaching $0.22. The company’s stock had a trading volume of 14,176,494 shares, compared to its average volume of 1,250,010. The company has a market capitalization of $2.19 million, a P/E ratio of -0.06 and a beta of 1.24. The stock has a 50-day moving average price of $0.86 and a 200-day moving average price of $2.95. CIMG has a 52-week low of $0.19 and a 52-week high of $13.85.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IMG. Weiss Ratings restated a “sell (e+)” rating on shares of CIMG in a research note on Wednesday, January 21st. Wall Street Zen upgraded CIMG to a “sell” rating in a research report on Saturday, December 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On CIMG

An institutional investor recently bought a new position in CIMG stock. Jane Street Group LLC acquired a new stake in CIMG Inc. (NASDAQ:IMG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 91,740 shares of the company’s stock, valued at approximately $26,000. Jane Street Group LLC owned approximately 0.25% of CIMG as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 23.42% of the company’s stock.

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.