Jin Medical International (NASDAQ:ZJYL) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Jin Medical International Ltd. (NASDAQ:ZJYL)’s share price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $2.13 and traded as high as $2.83. Jin Medical International shares last traded at $2.35, with a volume of 3,654,930 shares changing hands.

Analyst Upgrades and Downgrades

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

Jin Medical International Stock Up 26.3%

The company’s fifty day simple moving average is $2.13 and its 200 day simple moving average is $2.37. The company has a quick ratio of 1.70, a current ratio of 1.95 and a debt-to-equity ratio of 0.10.

Jin Medical International (NASDAQ:ZJYL) last posted its earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $4.46 million during the quarter.

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.

Jin Medical International is incorporated in the Cayman Islands and conducts its primary operating activities in China.