Jiuzi (NASDAQ:JZXN) Releases Quarterly Earnings Results

Jiuzi (NASDAQ:JZXN) issued its quarterly earnings results on Friday. The company reported ($43.92) EPS for the quarter, FiscalAI reports. The business had revenue of $3.57 million during the quarter.

Jiuzi Stock Down 2.5%

Shares of JZXN stock opened at $1.17 on Friday. The stock’s 50-day moving average price is $1.26 and its 200-day moving average price is $1.31. Jiuzi has a 12-month low of $0.75 and a 12-month high of $95.20.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Jiuzi stock. Sabby Management LLC acquired a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi comprises about 0.5% of Sabby Management LLC’s portfolio, making the stock its 13th biggest position. Sabby Management LLC owned about 14.13% of Jiuzi as of its most recent SEC filing. Hedge funds and other institutional investors 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.