China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD)’s share price dropped 10.2% on Tuesday . The company traded as low as $1.07 and last traded at $1.14. Approximately 2,132,668 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 1,461,248 shares. The stock had previously closed at $1.27.
The company has a quick ratio of 0.93, a current ratio of 1.16 and a debt-to-equity ratio of 0.11. The firm has a market cap of $47.60 million, a price-to-earnings ratio of -9.50 and a beta of 0.54. The business’s fifty day moving average is $1.20 and its two-hundred day moving average is $1.07.
Institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in shares of China Jo-Jo Drugstores in the third quarter valued at approximately $61,000. Squarepoint Ops LLC acquired a new stake in China Jo-Jo Drugstores during the 3rd quarter worth $189,000. Finally, Renaissance Technologies LLC grew its holdings in China Jo-Jo Drugstores by 1.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,297,188 shares of the company’s stock worth $1,310,000 after acquiring an additional 16,750 shares during the period. 18.14% of the stock is owned by institutional investors and hedge funds.
About China Jo-Jo Drugstores (NASDAQ:CJJD)
China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.
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