China Jo-Jo Drugstores (NASDAQ:CJJD) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of China Jo-Jo Drugstores (NASDAQ:CJJD) in a research report released on Friday morning. The firm issued a sell rating on the stock.

China Jo-Jo Drugstores Price Performance

CJJD opened at $0.30 on Friday. China Jo-Jo Drugstores has a 52-week low of $0.27 and a 52-week high of $9.65. The business’s fifty day moving average is $0.37 and its 200-day moving average is $1.84.

Institutional Trading of China Jo-Jo Drugstores

Several large investors have recently modified their holdings of the stock. Gateway Wealth Partners LLC acquired a new stake in shares of China Jo-Jo Drugstores during the 1st quarter worth $66,000. Jane Street Group LLC acquired a new stake in China Jo-Jo Drugstores in the fourth quarter valued at about $112,000. Virtu Financial LLC boosted its stake in China Jo-Jo Drugstores by 1,004.3% in the second quarter. Virtu Financial LLC now owns 125,689 shares of the company’s stock valued at $50,000 after buying an additional 114,307 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in China Jo-Jo Drugstores in the second quarter valued at about $61,000. 3.63% of the stock is owned by institutional investors and hedge funds.

China Jo-Jo Drugstores Company Profile

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.