Jiuzi (NASDAQ:JZXN) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Jiuzi (NASDAQ:JZXN) from a strong sell rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Jiuzi Stock Performance

JZXN stock opened at $1.11 on Friday. The firm’s 50-day moving average is $1.29 and its two-hundred day moving average is $1.20. Jiuzi has a 52 week low of $0.75 and a 52 week high of $95.20.

Jiuzi (NASDAQ:JZXN) last posted its quarterly earnings data on Friday, July 17th. The company reported ($43.92) earnings per share (EPS) for the quarter. The firm had revenue of $3.57 million for the quarter.

Hedge Funds Weigh In On Jiuzi

A hedge fund recently bought a new position in Jiuzi stock. Sabby Management LLC bought a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up about 0.5% of Sabby Management LLC’s investment portfolio, making the stock its 13th biggest position. Sabby Management LLC owned 14.13% of Jiuzi at the end of the most recent quarter. Institutional investors own 0.62% of the company’s stock.

About Jiuzi

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.