Jin Medical International (NASDAQ:ZJYL) Stock Falls 32.7% – Time to Sell?

Jin Medical International Ltd. (NASDAQ:ZJYL)’s stock price dropped 32.7% during trading on Thursday. The stock traded as low as $3.45 and last traded at $3.3050. Approximately 40,372 shares changed hands during trading, a decline of 88% from the average daily volume of 328,373 shares. The stock had previously closed at $4.91.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Jin Medical International in a research report on Friday, September 25th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Jin Medical International presently has a consensus rating of “Sell”.

Jin Medical International Stock Down 25.7%

The company has a quick ratio of 1.70, a current ratio of 1.95 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $2.27 and a 200-day moving average price of $2.38.

About Jin Medical International

Jin Medical International Limited is a medical device company focused on the design, manufacture and sale of mobility and daily-living assistance products. Through its operating subsidiaries in China, the company serves customers seeking equipment intended to support mobility, personal care and home or institutional use. The company’s product portfolio includes manual wheelchairs, electric wheelchairs, walking aids and other related medical and rehabilitation equipment. Its offerings are marketed through domestic and international sales channels, serving distributors, retailers and other customers in China and overseas markets.