China Jo-Jo Drugstores (NASDAQ:CJJD) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of China Jo-Jo Drugstores (NASDAQ:CJJDGet Rating) in a report released on Thursday. The firm set a “hold” rating on the stock.

Shares of China Jo-Jo Drugstores stock opened at $2.24 on Thursday. China Jo-Jo Drugstores has a 52-week low of $1.85 and a 52-week high of $13.20. The stock’s 50-day simple moving average is $3.84 and its 200 day simple moving average is $4.95. The stock has a market capitalization of $7.79 million, a P/E ratio of -0.93 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.84 and a current ratio of 1.07.

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC boosted its stake in China Jo-Jo Drugstores by 153.4% in the fourth quarter. Virtu Financial LLC now owns 84,127 shares of the company’s stock worth $32,000 after buying an additional 50,928 shares in the last quarter. Citadel Advisors LLC boosted its stake in China Jo-Jo Drugstores by 93.9% in the third quarter. Citadel Advisors LLC now owns 55,452 shares of the company’s stock worth $35,000 after buying an additional 26,855 shares in the last quarter. Morgan Stanley lifted its position in China Jo-Jo Drugstores by 5,013.6% in the first quarter. Morgan Stanley now owns 66,477 shares of the company’s stock valued at $74,000 after purchasing an additional 65,177 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in China Jo-Jo Drugstores by 8.9% in the fourth quarter. Renaissance Technologies LLC now owns 814,299 shares of the company’s stock valued at $306,000 after purchasing an additional 66,761 shares during the last quarter.

China Jo-Jo Drugstores Company Profile (Get Rating)

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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