JD Logistics (OTCMKTS:JDLGF) Stock Price Up 48.7% – Time to Buy?

JD Logistics, Inc. (OTCMKTS:JDLGFGet Free Report)’s share price rose 48.7% on Tuesday . The stock traded as high as $1.40 and last traded at $1.40. Approximately 3,000 shares changed hands during trading, an increase of 94% from the average daily volume of 1,550 shares. The stock had previously closed at $0.9415.

JD Logistics Stock Up 48.7%

The company has a 50 day moving average of $1.38 and a 200 day moving average of $1.38.

JD Logistics Company Profile

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JD Logistics is the logistics and supply chain management arm of JD.com, one of China’s largest e-commerce platforms. Established to bring transparency and efficiency to warehousing and delivery, the company was spun off in 2021 to operate as an independent public entity. Headquartered in Beijing, JD Logistics leverages the technology and infrastructure strengths of its parent organization while pursuing its own growth strategies in both domestic and international markets.

The company offers an integrated suite of services that spans warehousing, order fulfillment, last-mile delivery, cold chain logistics and supply chain consulting.

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