StockNews.com Initiates Coverage on China Jo-Jo Drugstores (NASDAQ:CJJD)

StockNews.com started coverage on shares of China Jo-Jo Drugstores (NASDAQ:CJJD) in a note issued to investors on Saturday. The brokerage set a “sell” rating on the stock.

China Jo-Jo Drugstores Trading Up 1.1 %

Shares of CJJD opened at $2.86 on Friday. China Jo-Jo Drugstores has a 12 month low of $1.56 and a 12 month high of $12.30. The stock has a fifty day moving average price of $3.36 and a 200-day moving average price of $3.84.

Institutional Trading of China Jo-Jo Drugstores

A hedge fund recently bought a new stake in China Jo-Jo Drugstores stock. Jane Street Group LLC bought a new position in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 reporting period. Institutional investors and hedge funds own 45.26% of the company’s stock.

About China Jo-Jo Drugstores

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.