China Jo-Jo Drugstores (NASDAQ:CJJD) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of China Jo-Jo Drugstores (NASDAQ:CJJDGet Free Report) in a research report issued on Wednesday. The firm set a “sell” rating on the stock.

China Jo-Jo Drugstores Stock Performance

Shares of NASDAQ CJJD opened at $0.18 on Wednesday. China Jo-Jo Drugstores has a 12 month low of $0.17 and a 12 month high of $9.65. The firm has a fifty day simple moving average of $0.20 and a two-hundred day simple moving average of $0.25.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC raised its holdings in China Jo-Jo Drugstores by 1,004.3% in the 2nd quarter. Virtu Financial LLC now owns 125,689 shares of the company’s stock worth $50,000 after purchasing an additional 114,307 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of China Jo-Jo Drugstores in the 2nd quarter worth about $61,000. Finally, Jane Street Group LLC bought a new position in shares of China Jo-Jo Drugstores in the 4th quarter worth about $112,000. 3.63% of the stock is currently owned by institutional investors.

China Jo-Jo Drugstores Company Profile

(Get Free Report)

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.

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