Jiuzi (NASDAQ:JZXN) Stock Price Up 6.7% – Time to Buy?

Jiuzi Holdings, Inc. (NASDAQ:JZXN)’s share price rose 6.7% during mid-day trading on Thursday . The company traded as high as $0.48 and last traded at $0.44. Approximately 37,684,080 shares traded hands during mid-day trading, an increase of 575% from the average daily volume of 5,581,165 shares. The stock had previously closed at $0.42.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Jiuzi from a “hold” rating to a “sell” rating in a report on Saturday, June 14th.

Jiuzi Price Performance

The stock’s fifty day simple moving average is $0.93 and its 200-day simple moving average is $2.32.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Jiuzi stock. Citadel Advisors LLC acquired a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 43,283 shares of the company’s stock, valued at approximately $58,000. Citadel Advisors LLC owned approximately 21.75% of Jiuzi at the end of the most recent reporting period. 0.62% of the stock is currently 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.