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

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

China Jo-Jo Drugstores Stock Performance

Shares of CJJD opened at $3.15 on Wednesday. The business has a fifty day moving average of $3.55 and a 200 day moving average of $4.06. China Jo-Jo Drugstores has a 52-week low of $1.56 and a 52-week high of $47.90.

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 acquired a new position in shares of China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 as of its most recent filing with the Securities and Exchange Commission (SEC). 45.26% of the stock is currently owned by hedge funds and other institutional investors.

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.