J-Long Group (NASDAQ:JL) Stock Price Down 0.8% – Here’s What Happened

Shares of J-Long Group Limited (NASDAQ:JL) dropped 0.8% during trading on Monday . The company traded as low as $5.87 and last traded at $5.95. Approximately 5,975 shares changed hands during trading, a decline of 66% from the average session volume of 17,734 shares. The stock had previously closed at $6.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded J-Long Group from a “sell (e)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, J-Long Group has a consensus rating of “Sell”.

J-Long Group Stock Down 0.8%

The firm’s 50 day moving average is $6.14 and its two-hundred day moving average is $5.63.

Institutional Investors Weigh In On J-Long Group

An institutional investor recently bought a new position in J-Long Group stock. Renaissance Technologies LLC purchased a new stake in J-Long Group Limited (NASDAQ:JL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned 0.28% of J-Long Group at the end of the most recent 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.