J-Long Group (NASDAQ:JL) Releases Quarterly Earnings Results

J-Long Group (NASDAQ:JL) issued its earnings results on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, reports. The company had revenue of $9.76 million for the quarter.

J-Long Group Trading Down 4.7%

J-Long Group stock opened at $5.67 on Thursday. J-Long Group has a 12 month low of $1.50 and a 12 month high of $8.22. The business’s 50 day simple moving average is $6.10 and its 200 day simple moving average is $5.62.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of J-Long Group from a “sell (e)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On J-Long Group

A hedge fund recently bought a new position in J-Long Group stock. Renaissance Technologies LLC acquired a new stake in shares of J-Long Group Limited (NASDAQ:JL) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned about 0.28% of J-Long Group at the end of the most recent quarter.

J-Long Group Company Profile

J-Long Group Limited distributes reflective and non-reflective garment trims in Asia, Hong Kong, the People's Republic of China, and internationally. The company offers heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers, and drawcords. It also sells through online. The company was founded in 1985 and is based in Tsuen Wan, Hong Kong.