China Jo-Jo Drugstores (NASDAQ:CJJD) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of China Jo-Jo Drugstores (NASDAQ:CJJDFree Report) in a report issued on Saturday morning. The firm issued a sell rating on the stock.

China Jo-Jo Drugstores Stock Performance

CJJD stock opened at $2.86 on Friday. China Jo-Jo Drugstores has a twelve month low of $1.56 and a twelve month high of $12.30. The stock’s 50 day moving average is $3.36 and its 200-day moving average is $3.85.

Institutional Trading of China Jo-Jo Drugstores

A hedge fund recently bought a new stake in China Jo-Jo Drugstores stock. Jane Street Group LLC purchased a new position in shares of China Jo-Jo Drugstores, Inc. (NASDAQ:CJJDFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,451 shares of the company’s stock, valued at approximately $112,000. Jane Street Group LLC owned about 0.59% of China Jo-Jo Drugstores as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 45.26% of the company’s stock.

About China Jo-Jo Drugstores

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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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