Jiuzi (NASDAQ:JZXN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Jiuzi (NASDAQ:JZXN) from a strong sell rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Jiuzi Stock Performance

NASDAQ:JZXN opened at $1.09 on Friday. Jiuzi has a fifty-two week low of $0.75 and a fifty-two week high of $95.20. The company’s 50-day simple moving average is $1.29 and its 200-day simple moving average is $1.20.

Jiuzi (NASDAQ:JZXN) last issued its quarterly earnings data on Friday, July 17th. The company reported ($43.92) earnings per share (EPS) for the quarter. The firm had revenue of $3.57 million for the quarter.

Hedge Funds Weigh In On Jiuzi

A hedge fund recently bought a new position in Jiuzi stock. Sabby Management LLC bought a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up 0.5% of Sabby Management LLC’s investment portfolio, making the stock its 13th largest position. Sabby Management LLC owned 14.13% of Jiuzi as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.62% of the company’s stock.

Jiuzi Company Profile

Jiuzi Holdings Limited is a China-based electric-vehicle dealership company. Through its operating subsidiaries and dealership network, the company sells new energy vehicles, including electric passenger vehicles and other vehicles supplied by third-party manufacturers.

In addition to vehicle sales, Jiuzi’s business has included related automotive products and services, such as vehicle financing support, insurance-related services, registration assistance and after-sales service. The company has operated dealerships primarily in smaller cities and regional markets in China, using a combination of directly operated and franchised locations under the Jiuzi brand.

Jiuzi was established in Hangzhou, Zhejiang Province, and became a publicly traded company in the United States in 2021.