J-Star (NASDAQ:YMAT) Shares Up 94.3% – Should You Buy?

J-Star Holding Co., Ltd (NASDAQ:YMAT)’s share price shot up 94.3% on Wednesday . The stock traded as high as $0.9825 and last traded at $0.75. 170,280,527 shares traded hands during trading, an increase of 1,557% from the average daily volume of 10,277,690 shares. The stock had previously closed at $0.3860.

J-Star Price Performance

The business has a fifty day moving average of $0.63 and a 200-day moving average of $0.54.

J-Star (NASDAQ:YMAT) last issued its earnings results on Thursday, April 30th. The company reported ($0.62) earnings per share for the quarter. The business had revenue of ($0.33) million during the quarter.

Institutional Trading of J-Star

An institutional investor recently bought a new position in J-Star stock. Citadel Advisors LLC bought a new stake in shares of J-Star Holding Co., Ltd (NASDAQ:YMAT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 68,530 shares of the company’s stock, valued at approximately $82,000. Citadel Advisors LLC owned 0.40% of J-Star as of its most recent filing with the Securities and Exchange Commission.

J-Star Company Profile

J-Star Holding Co, Ltd. is a provider of carbon fiber and composite solutions across a wide range of applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services. J-Star Holding Co, Ltd. is based in TAICHUNG CITY, Taiwan.