Jiuzi (NASDAQ:JZXN) Lowered to Strong Sell Rating by Wall Street Zen

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

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Jiuzi in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jiuzi presently has an average rating of “Sell”.

Jiuzi Stock Performance

NASDAQ:JZXN opened at $1.19 on Friday. Jiuzi has a twelve month low of $0.75 and a twelve month high of $95.20. The company has a 50-day moving average of $1.27 and a 200-day moving average of $1.29.

Jiuzi (NASDAQ:JZXN) last released its earnings results on Friday, July 17th. The company reported ($43.92) EPS for the quarter. The company had revenue of $3.57 million for the quarter.

Institutional Trading of Jiuzi

A hedge fund recently bought a new position in Jiuzi stock. Sabby Management LLC bought a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi accounts for approximately 0.5% of Sabby Management LLC’s holdings, making the stock its 13th biggest position. Sabby Management LLC owned approximately 14.13% of Jiuzi at the end of the most recent quarter. Institutional investors and hedge funds own 0.62% of the company’s stock.

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.