J-Long Group (NASDAQ:JL) Shares Down 4.9%

J-Long Group Limited (NASDAQ:JL)’s share price dropped 4.9% during trading on Friday . The company traded as low as $0.58 and last traded at $0.59. Approximately 328,219 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,375,789 shares. The stock had previously closed at $0.62.

J-Long Group Price Performance

The business’s 50-day moving average price is $0.85.

J-Long Group Dividend Announcement

The firm also recently announced a — dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, March 11th were paid a $0.19 dividend. The ex-dividend date was Friday, March 8th.

Hedge Funds Weigh In On J-Long Group

A hedge fund recently bought a new stake in J-Long Group stock. Virtu Financial LLC bought a new position in J-Long Group Limited (NASDAQ:JL) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 72,033 shares of the company’s stock, valued at approximately $72,000. Virtu Financial LLC owned about 0.24% of J-Long Group as of its most recent SEC filing.

J-Long Group Company Profile

J-Long Group Limited distributes reflective and non-reflective garment trims in Asia, Hong Kong, the People's Republic of China, and internationally. The company offers heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers, and drawcords. It also sells through online.