StockNews.com Initiates Coverage on China Jo-Jo Drugstores (NASDAQ:CJJD)

StockNews.com assumed coverage on shares of China Jo-Jo Drugstores (NASDAQ:CJJD) in a report published on Friday morning. The brokerage issued a sell rating on the stock.

China Jo-Jo Drugstores Stock Down 2.3 %

Shares of NASDAQ:CJJD opened at $3.00 on Friday. The business’s 50-day moving average is $3.45 and its 200 day moving average is $3.91. China Jo-Jo Drugstores has a 1 year low of $1.56 and a 1 year high of $47.90.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in China Jo-Jo Drugstores stock. Jane Street Group LLC acquired a new stake in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,451 shares of the company’s stock, valued at approximately $112,000. Jane Street Group LLC owned 0.59% of China Jo-Jo Drugstores as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 45.26% of the company’s stock.

China Jo-Jo Drugstores Company Profile

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.