JBDI (NASDAQ:JBDI) Stock Jumps 10.7% – Still a Buy?

JBDI Holdings Limited (NASDAQ:JBDI)’s stock price was up 10.7% during mid-day trading on Friday. The company traded as high as $3.95 and last traded at $2.59. 7,150,737 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 5,447,873 shares. The stock had previously closed at $2.34.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised JBDI from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

JBDI Trading Up 10.7%

The company has a debt-to-equity ratio of 0.27, a current ratio of 3.38 and a quick ratio of 3.20. The firm’s fifty day simple moving average is $1.33 and its 200-day simple moving average is $1.22.

JBDI (NASDAQ:JBDI) last announced its earnings results on Wednesday, September 2nd. The company reported ($0.01) EPS for the quarter. The business had revenue of $2.22 million during the quarter.

JBDI Company Profile

JBDI Holdings Limited is a Singapore-based food distribution company that supplies a range of frozen, chilled and ambient food products to customers in the food-service and retail sectors. Its product offerings include items such as meat, poultry, seafood, dairy products and other food ingredients.

The company serves commercial customers in Singapore, including restaurants, hotels, caterers, food manufacturers and other institutional buyers. Its activities include sourcing products from suppliers, managing inventory and logistics, and distributing food products through its customer network.

JBDI Holdings Limited operates as a holding company through its subsidiaries.