Wall Street Zen Downgrades JX Luxventure Group (NASDAQ:JXG) to Sell

JX Luxventure Group (NASDAQ:JXG) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of JX Luxventure Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, JX Luxventure Group currently has a consensus rating of “Sell”.

JX Luxventure Group Trading Down 7.5%

NASDAQ:JXG opened at $8.90 on Friday. JX Luxventure Group has a twelve month low of $3.01 and a twelve month high of $73.80. The stock has a fifty day simple moving average of $8.57 and a 200-day simple moving average of $15.45.

JX Luxventure Group (NASDAQ:JXG) last announced its earnings results on Wednesday, November 5th. The company reported $0.16 earnings per share for the quarter. The business had revenue of $12.59 million for the quarter.

About JX Luxventure Group

JX Luxventure Group Inc is a special purpose acquisition company incorporated in Delaware. As a blank check entity, it has no commercial operations of its own and was established to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The company’s sponsors and management team bring experience in financial services, corporate finance and mergers and acquisitions.