China Jo-Jo Drugstores (NASDAQ:CJJD) Sees Unusually-High Trading Volume

China Jo-Jo Drugstores Inc (NASDAQ:CJJD) shares saw strong trading volume on Tuesday . 502,195 shares changed hands during trading, an increase of 12% from the previous session’s volume of 449,924 shares.The stock last traded at $1.34 and had previously closed at $1.19.

The business has a 50-day moving average of $1.12 and a 200-day moving average of $1.46. The company has a current ratio of 1.03, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

China Jo-Jo Drugstores (NASDAQ:CJJD) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $25.28 million for the quarter. China Jo-Jo Drugstores had a negative return on equity of 15.04% and a negative net margin of 2.37%.

A hedge fund recently bought a new stake in China Jo-Jo Drugstores stock. CVI Holdings LLC bought a new stake in China Jo-Jo Drugstores Inc (NASDAQ:CJJD) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 79,634 shares of the company’s stock, valued at approximately $88,000. CVI Holdings LLC owned approximately 0.24% of China Jo-Jo Drugstores at the end of the most recent reporting period. 23.84% of the stock is owned by institutional investors.

About China Jo-Jo Drugstores (NASDAQ:CJJD)

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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