Jyong Biotech (NASDAQ:MENS) Trading 11.8% Higher – Should You Buy?

Jyong Biotech Ltd. (NASDAQ:MENSGet Free Report) shares traded up 11.8% during trading on Tuesday . The company traded as high as $2.30 and last traded at $2.18. 58,610 shares were traded during mid-day trading, a decline of 2% from the average session volume of 60,003 shares. The stock had previously closed at $1.95.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jyong Biotech in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

View Our Latest Report on MENS

Jyong Biotech Trading Down 4.1%

The business has a 50-day moving average price of $2.19 and a 200-day moving average price of $9.14.

Jyong Biotech (NASDAQ:MENSGet Free Report) last announced its earnings results on Friday, May 15th. The company reported ($0.02) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new position in Jyong Biotech during the third quarter valued at $67,000. Geode Capital Management LLC raised its position in Jyong Biotech by 19.6% during the fourth quarter. Geode Capital Management LLC now owns 64,382 shares of the company’s stock valued at $254,000 after buying an additional 10,538 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in Jyong Biotech during the fourth quarter valued at $49,000. Millennium Management LLC acquired a new position in Jyong Biotech during the third quarter valued at $512,000. Finally, Man Group plc acquired a new position in Jyong Biotech during the fourth quarter valued at $56,000.

Jyong Biotech Company Profile

(Get Free Report)

OUR MISSION We endeavor to develop and supply first-class innovative drugs to meet our customers’ health needs. We seek to be a valuable business organization that is held in high esteem by the public. We are a science-driven biotechnology company based in Taiwan and are committed to developing and commercializing innovative and differentiated new drugs (plant-derived) mainly specializing in the treatment of urinary system diseases, with an initial focus on the markets of the U.S., the EU, and Asia.

Further Reading

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