Shares of China Jo-Jo Drugstores Inc (NASDAQ:CJJD) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $2.40 and last traded at $2.26, with a volume of 8217 shares changing hands. The stock had previously closed at $2.28.
China Jo-Jo Drugstores (NASDAQ:CJJD) last announced its earnings results on Wednesday, November 14th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $27.41 million during the quarter. China Jo-Jo Drugstores had a negative net margin of 16.53% and a negative return on equity of 86.38%.
An institutional investor recently bought a new position in China Jo-Jo Drugstores stock. Hillhouse Capital Management Ltd. purchased a new position in China Jo-Jo Drugstores Inc (NASDAQ:CJJD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,840,000 shares of the company’s stock, valued at approximately $6,970,000. Hillhouse Capital Management Ltd. owned approximately 16.60% of China Jo-Jo Drugstores as of its most recent SEC filing. 18.14% of the stock is currently owned by institutional investors.
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China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.
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