Jiuzi (NASDAQ:JZXN) Trading Down 2.8% – What’s Next?

Shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) dropped 2.8% during trading on Monday . The company traded as low as $0.2053 and last traded at $0.2092. Approximately 465,248 shares were traded during trading, a decline of 75% from the average daily volume of 1,848,985 shares. The stock had previously closed at $0.2152.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Jiuzi in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Jiuzi Trading Down 2.8%

The stock has a 50-day moving average price of $0.54 and a 200 day moving average price of $1.32.

Institutional Investors Weigh In On Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Anson Funds Management LP acquired a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned 1.23% of Jiuzi at the end of the most recent quarter. 0.62% of the stock is owned by institutional investors.

About Jiuzi

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.