J-Long Group Limited (NASDAQ:JL – Get Free Report) rose 1% on Wednesday. The company traded as high as $4.24 and last traded at $4.16. Approximately 485 shares were traded during mid-day trading, a decline of 99% from the average session volume of 35,729 shares. The stock had previously closed at $4.12.
Wall Street Analyst Weigh In
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 equities research analyst has rated the stock with a Sell rating. According to MarketBeat, J-Long Group presently has an average rating of “Sell”.
J-Long Group Stock Down 0.5%
The company has a current ratio of 2.84, a quick ratio of 2.31 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average is $4.59 and its two-hundred day moving average is $5.31.
J-Long Group (NASDAQ:JL – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.07 earnings per share (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 acquired a new position in J-Long Group Limited (NASDAQ:JL – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned 0.28% of J-Long Group at the end of the most recent reporting period.
About J-Long Group
J-Long Group Limited (NASDAQ: JL) is a holding company that operates through subsidiaries engaged in the manufacture and sale of adhesive products. Its product portfolio includes adhesive tapes and related materials designed for industrial, commercial and consumer applications.
The company’s products are used in areas such as packaging, construction, electrical work, manufacturing and general-purpose applications. Its offerings may include various forms of single-sided and double-sided tape, depending on customer and end-market requirements.
J-Long Group is headquartered in Taiwan and serves customers through its manufacturing and distribution operations in the adhesive-products market.
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