Jason Industries (NASDAQ:JASN) Stock Price Up 5.3%

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Jason Industries Inc (NASDAQ:JASN) shares rose 5.3% during trading on Thursday . The stock traded as high as $0.22 and last traded at $0.20, approximately 582,500 shares changed hands during mid-day trading. An increase of 213% from the average daily volume of 185,961 shares. The stock had previously closed at $0.19.

Separately, ValuEngine upgraded Jason Industries from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd.

The firm has a fifty day simple moving average of $0.29 and a 200 day simple moving average of $0.63.

Jason Industries (NASDAQ:JASN) last posted its quarterly earnings results on Monday, August 12th. The technology company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.38). The business had revenue of $138.30 million during the quarter.

A hedge fund recently bought a new stake in Jason Industries stock. River & Mercantile Asset Management LLP acquired a new stake in Jason Industries Inc (NASDAQ:JASN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 430,034 shares of the technology company’s stock, valued at approximately $280,000. River & Mercantile Asset Management LLP owned approximately 1.53% of Jason Industries at the end of the most recent reporting period. 28.39% of the stock is owned by hedge funds and other institutional investors.

About Jason Industries (NASDAQ:JASN)

Jason Industries is the parent company to a global family of manufacturing leaders within the seating, finishing, components and automotive acoustics markets, including Assembled Products (Buffalo Grove, Ill.), Janesville Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco (Milwaukee, Wis.), Osborn (Richmond, Indiana and Burgwald, Germany) and Sealeze (Richmond, Va.).

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