Jiuzi (NASDAQ:JZXN) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Jiuzi (NASDAQ:JZXN) to a strong sell rating in a report released on Saturday morning.

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

Jiuzi Stock Down 8.5%

JZXN opened at $1.19 on Friday. The company has a fifty day moving average price of $1.27 and a two-hundred day moving average price of $1.29. Jiuzi has a 52 week low of $0.75 and a 52 week high of $95.20.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC purchased a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up approximately 0.5% of Sabby Management LLC’s portfolio, making the stock its 13th biggest holding. Sabby Management LLC owned 14.13% of Jiuzi at the end of the most recent reporting period. 0.62% of the stock is owned by institutional investors.

Jiuzi Company Profile

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.