JBDI (NASDAQ:JBDI) Stock Price Up 21.2% – Time to Buy?

JBDI Holdings Limited (NASDAQ:JBDI) traded up 21.2% during mid-day trading on Thursday . The company traded as high as $1.4699 and last traded at $1.37. 166,198 shares traded hands during trading, an increase of 65% from the average daily volume of 100,695 shares. The stock had previously closed at $1.13.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of JBDI in a report on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

JBDI Trading Down 2.9%

The business’s fifty day moving average is $1.12 and its 200 day moving average is $1.31. The company has a current ratio of 4.46, a quick ratio of 4.19 and a debt-to-equity ratio of 0.25.

JBDI Company Profile

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.