Jin Medical International (NASDAQ:ZJYL) Shares Up 14.6% – Here’s Why

Jin Medical International Ltd. (NASDAQ:ZJYL)’s stock price shot up 14.6% during trading on Monday. The stock traded as high as $3.80 and last traded at $3.8490. 77,889 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 331,147 shares. The stock had previously closed at $3.36.

Analysts Set New Price Targets

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

Jin Medical International Trading Up 16.6%

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.95 and a quick ratio of 1.70. The stock’s 50-day moving average is $2.21 and its 200 day moving average is $2.37.

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.