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

StockNews.com assumed coverage on shares of China Jo-Jo Drugstores (NASDAQ:CJJD) in a research note released on Wednesday. The firm issued a sell rating on the stock.

China Jo-Jo Drugstores Trading Down 4.7 %

NASDAQ CJJD opened at $3.26 on Wednesday. China Jo-Jo Drugstores has a fifty-two week low of $1.56 and a fifty-two week high of $47.90. The stock has a 50 day simple moving average of $3.57 and a two-hundred day simple moving average of $4.08.

Institutional Investors Weigh In On China Jo-Jo Drugstores

An institutional investor recently bought a new position in China Jo-Jo Drugstores stock. Jane Street Group LLC acquired a new stake in shares of China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 31,451 shares of the company’s stock, valued at approximately $112,000. Jane Street Group LLC owned approximately 0.59% of China Jo-Jo Drugstores as of its most recent SEC filing. Institutional investors own 45.26% of the company’s stock.

About China Jo-Jo Drugstores

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.