J-Long Group (NASDAQ:JL) Stock Price Down 1.3% – Should You Sell?

J-Long Group Limited (NASDAQ:JL) was down 1.3% during mid-day trading on Monday . The company traded as low as $5.93 and last traded at $6.19. Approximately 4,413 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 12,957 shares. The stock had previously closed at $6.27.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e)” rating on shares of J-Long Group in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, J-Long Group presently has an average rating of “Sell”.

J-Long Group Stock Performance

The business has a 50 day simple moving average of $5.41 and a two-hundred day simple moving average of $5.83. The company has a current ratio of 2.79, a quick ratio of 2.36 and a debt-to-equity ratio of 0.02.

J-Long Group (NASDAQ:JL) last issued its earnings results on Tuesday, December 23rd. The company reported $0.31 earnings per share for the quarter. The firm had revenue of $11.35 million during the quarter.

About J-Long Group

J-Long Group Limited distributes reflective and non-reflective garment trims in Asia, Hong Kong, the People's Republic of China, and internationally. The company offers heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers, and drawcords. It also sells through online. The company was founded in 1985 and is based in Tsuen Wan, Hong Kong.