707 Cayman (NASDAQ:JEM) Trading 0.2% Higher – Here’s Why

707 Cayman Holdings Limited (NASDAQ:JEM)’s share price rose 0.2% during trading on Tuesday . The company traded as high as $0.30 and last traded at $0.2979. Approximately 259,448 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 4,209,113 shares. The stock had previously closed at $0.2973.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of 707 Cayman in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 707 Cayman presently has a consensus rating of “Sell”.

707 Cayman Stock Up 0.2%

The company’s 50-day simple moving average is $0.39.

Institutional Investors Weigh In On 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC purchased a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman at the end of the most recent quarter.

About 707 Cayman

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers.