China Jo-Jo Drugstores (NASDAQ:CJJD) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of China Jo-Jo Drugstores (NASDAQ:CJJD) in a research report issued to clients and investors on Saturday. The brokerage set a “sell” rating on the stock.

China Jo-Jo Drugstores Stock Up 1.1 %

Shares of NASDAQ CJJD opened at $2.86 on Friday. China Jo-Jo Drugstores has a 1 year low of $1.56 and a 1 year high of $12.30. The firm’s 50-day moving average is $3.36 and its 200-day moving average is $3.85.

Institutional Trading of China Jo-Jo Drugstores

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) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 31,451 shares of the company’s stock, valued at approximately $112,000. Jane Street Group LLC owned approximately 0.59% of China Jo-Jo Drugstores as of its most recent SEC filing. 45.26% of the stock is owned by institutional investors and hedge funds.

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.