J-Long Group (NASDAQ:JL) Stock Price Down 2.7% – Here’s What Happened

J-Long Group Limited (NASDAQ:JL)’s share price was down 2.7% on Tuesday. The company traded as low as $4.45 and last traded at $4.4160. 3,151 shares traded hands during trading, a decline of 43% from the average daily volume of 5,484 shares. The stock had previously closed at $4.54.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded J-Long Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

J-Long Group Trading Down 3.7%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.31 and a current ratio of 2.84. The stock’s 50 day moving average is $4.83 and its 200-day moving average is $5.76.

J-Long Group (NASDAQ:JL) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.07 EPS for the quarter. The business had revenue of $9.76 million during the quarter.

Institutional Investors Weigh In On J-Long Group

A hedge fund recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC bought a new stake in shares of J-Long Group Limited (NASDAQ:JL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned about 0.28% of J-Long Group as of its most recent filing with the Securities and Exchange Commission.

About J-Long Group

J-Long Group Limited (NASDAQ: JL) is a Taiwan-based manufacturer and supplier of functional labeling and reflective material products. Through its operating subsidiaries, the company develops and produces heat-transfer labels, reflective labels, reflective fabrics, reflective tapes and related apparel-accessory products.

Its products are used by manufacturers of clothing, footwear, bags, sporting goods, helmets and other consumer or industrial products. The company’s materials are designed to provide branding, decoration, identification and visibility features for finished goods.

J-Long Group has historical operations in Taiwan and China and serves customers in markets connected to apparel and consumer-product manufacturing.