JMU Ltd- (NASDAQ:JMU) Shares Up 6.7%

JMU Ltd- (NASDAQ:JMU)’s stock price shot up 6.7% on Monday . The stock traded as high as $1.40 and last traded at $1.27, 182,180 shares traded hands during mid-day trading. A decline of 52% from the average session volume of 381,008 shares. The stock had previously closed at $1.19.

Separately, ValuEngine cut shares of JMU Ltd- from a “buy” rating to a “hold” rating in a report on Friday.

The firm’s fifty day moving average is $1.06 and its two-hundred day moving average is $1.24.

JMU Ltd- Company Profile (NASDAQ:JMU)

JMU Limited operates a business-to-business online e-commerce platform that provides integrated services to suppliers and customers in the catering industry in the People's Republic of China. The company's platform networking services focus on local entertainment and lifestyle services, such as restaurants, movie theaters, and beauty salons, as well as allow local merchants to create online stores and make direct sales to their target customers for consumption at their brick and mortar stores.

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