Jiuzi (NASDAQ:JZXN – Get Free Report) issued its quarterly earnings results on Friday. The company reported ($43.92) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $3.57 million during the quarter.
Jiuzi Trading Down 2.5%
Shares of Jiuzi stock traded down $0.03 during trading on Friday, hitting $1.17. The stock had a trading volume of 281,593 shares, compared to its average volume of 4,072,784. The business has a fifty day moving average of $1.25 and a two-hundred day moving average of $1.31. Jiuzi has a fifty-two week low of $0.75 and a fifty-two week high of $95.20.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Jiuzi presently has an average rating of “Sell”.
Institutional Investors Weigh In On Jiuzi
A hedge fund recently bought a new position in Jiuzi stock. Sabby Management LLC bought a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up approximately 0.5% of Sabby Management LLC’s investment portfolio, making the stock its 13th largest position. Sabby Management LLC owned approximately 14.13% of Jiuzi as of its most recent SEC filing. Institutional investors and hedge funds own 0.62% of the company’s stock.
About Jiuzi
Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.
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