CIMG (NASDAQ:IMG) Shares Down 1.7% – Here’s What Happened

CIMG Inc. (NASDAQ:IMG)’s stock price traded down 1.7% during mid-day trading on Friday . The stock traded as low as $1.12 and last traded at $1.13. 100,740 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 1,685,664 shares. The stock had previously closed at $1.15.

Analyst Upgrades and Downgrades

IMG has been the subject of several recent research reports. Wall Street Zen raised CIMG to a “sell” rating in a research report on Saturday, December 6th. Weiss Ratings reissued 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, According to MarketBeat.com, the stock has an average rating of “Sell”.

CIMG Trading Down 1.7%

The company has a market cap of $11.10 million, a P/E ratio of -0.28 and a beta of 1.16. The stock’s 50 day moving average is $2.10 and its 200-day moving average is $4.01.

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

Hedge Funds Weigh In On CIMG

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