Jayud Global Logistics Stock Set to Reverse Split on Monday, October 13th (NASDAQ:JYD)

Jayud Global Logistics Limited (NASDAQ:JYD) shares are going to reverse split on Monday, October 13th. The 1-50 reverse split was announced on Friday, October 3rd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, October 10th.

Jayud Global Logistics Stock Down 6.1%

NASDAQ JYD opened at $0.14 on Friday. Jayud Global Logistics has a 1 year low of $0.09 and a 1 year high of $8.00. The business’s fifty day moving average is $0.17 and its two-hundred day moving average is $0.59.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jayud Global Logistics in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Jayud Global Logistics currently has an average rating of “Sell”.

Institutional Trading of Jayud Global Logistics

An institutional investor recently bought a new position in Jayud Global Logistics stock. Invesco Ltd. purchased a new stake in shares of Jayud Global Logistics Limited (NASDAQ:JYD) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 74,867 shares of the company’s stock, valued at approximately $576,000. Invesco Ltd. owned approximately 0.08% of Jayud Global Logistics as of its most recent SEC filing. Institutional investors own 67.92% of the company’s stock.

Jayud Global Logistics Company Profile

Jayud Global Logistics Limited, through its subsidiaries, provides a range of cross-border supply chain solution services worldwide. The company offers freight forwarding services, including integrated cross-border logistics, fragmented logistics services, and chartered airline freight services. It also offers supply chain management services, such as international trading and agent services; and other value-added services comprising custom brokerage and intelligent logistic IT systems.