Jiuzi (NASDAQ:JZXN) Cut to “Sell” at Wall Street Zen

Jiuzi (NASDAQ:JZXN) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jiuzi in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Jiuzi Stock Down 3.4%

Shares of JZXN opened at $1.15 on Friday. The stock has a 50-day moving average of $1.66 and a two-hundred day moving average of $13.85. Jiuzi has a one year low of $1.03 and a one year high of $312.80.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Jiuzi stock. Sabby Management LLC purchased a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up about 0.5% of Sabby Management LLC’s portfolio, making the stock its 13th biggest holding. Sabby Management LLC owned approximately 14.13% of Jiuzi at the end of the most recent reporting period. 0.62% of the stock is currently owned by hedge funds and other 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. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.