China Jo-Jo Drugstores (NASDAQ:CJJD) Now Covered by StockNews.com

Analysts at StockNews.com started coverage on shares of China Jo-Jo Drugstores (NASDAQ:CJJD) in a research note issued on Wednesday. The firm set a “sell” rating on the stock.

China Jo-Jo Drugstores Stock Performance

NASDAQ:CJJD opened at $3.15 on Wednesday. The company has a fifty day simple moving average of $3.56 and a two-hundred day simple moving average of $4.07. China Jo-Jo Drugstores has a 52 week low of $1.56 and a 52 week high of $47.90.

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 acquired a new position in shares of China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 31,451 shares of the company’s stock, valued at approximately $112,000. Jane Street Group LLC owned about 0.59% of China Jo-Jo Drugstores at the end of the most recent quarter. Hedge funds and other institutional investors own 45.26% of the company’s stock.

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.