JBDI (NASDAQ:JBDI) Trading Up 21.2% – Here’s What Happened

JBDI Holdings Limited (NASDAQ:JBDI) shares rose 21.2% on Thursday . The company traded as high as $1.4699 and last traded at $1.37. 166,198 shares were traded during trading, an increase of 65% from the average daily volume of 100,695 shares. The stock had previously closed at $1.13.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of JBDI in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

JBDI Trading Up 21.2%

The company has a quick ratio of 4.19, a current ratio of 4.46 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average price is $1.12 and its two-hundred day moving average price is $1.31.

About JBDI

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.