China Jo-Jo Drugstores (NASDAQ:CJJD) Shares Cross Below 200 Day Moving Average of $3.24

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD – Get Rating)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.24 and traded as low as $0.70. China Jo-Jo Drugstores shares last traded at $0.72, with a volume of 752,517 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on China Jo-Jo Drugstores in a research note on Thursday, May 18th. They set a “sell” rating on the stock.

China Jo-Jo Drugstores Stock Down 2.2 %

The company has a 50 day moving average of $2.28 and a two-hundred day moving average of $3.24.

Institutional Investors Weigh In On China Jo-Jo Drugstores

An institutional investor recently bought a new position in China Jo-Jo Drugstores stock. Jane Street Group LLC bought a new position in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,451 shares of the company’s stock, valued at approximately $112,000. Jane Street Group LLC owned approximately 0.59% of China Jo-Jo Drugstores at the end of the most recent quarter. Institutional investors and hedge funds own 9.05% of the company’s stock.

China Jo-Jo Drugstores Company Profile

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China Jo-Jo Drugstores, Inc operates as an online and offline retailer and wholesale distributor of pharmaceutical and other healthcare products. It also operates an online pharmacy and retail drugstores with licensed doctors on site for consultation, examination, and treatment of common ailments at scheduled hours.