J-Long Group (NASDAQ:JL) Stock Price Up 2.5% – Time to Buy?

J-Long Group Limited (NASDAQ:JL) shares were up 2.5% during mid-day trading on Friday . The stock traded as high as $4.12 and last traded at $4.12. Approximately 1,464 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 67,539 shares. The stock had previously closed at $4.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of J-Long Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

J-Long Group Trading Up 2.5%

The firm has a 50-day simple moving average of $5.14 and a 200-day simple moving average of $5.47. 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 announced its quarterly earnings results on Tuesday, December 23rd. The company reported $0.31 earnings per share for the quarter. The company had revenue of $11.35 million during the quarter.

J-Long Group Company Profile

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.