Jin Medical International (NASDAQ:ZJYL) Stock Price Down 32.7% – What’s Next?

Jin Medical International Ltd. (NASDAQ:ZJYL) shares fell 32.7% on Thursday. The company traded as low as $3.45 and last traded at $3.3050. 40,372 shares changed hands during trading, a decline of 88% from the average session volume of 328,373 shares. The stock had previously closed at $4.91.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Jin Medical International in a research note on Friday, September 25th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Jin Medical International Stock Performance

The company has a quick ratio of 1.70, a current ratio of 1.95 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $2.27 and a 200 day moving average of $2.38.

About Jin Medical International

Jin Medical International Limited is a medical device company focused on the design, manufacture and sale of mobility and daily-living assistance products. Through its operating subsidiaries in China, the company serves customers seeking equipment intended to support mobility, personal care and home or institutional use. The company’s product portfolio includes manual wheelchairs, electric wheelchairs, walking aids and other related medical and rehabilitation equipment. Its offerings are marketed through domestic and international sales channels, serving distributors, retailers and other customers in China and overseas markets.