707 Cayman (NASDAQ:JEM) Trading 0.2% Higher – Still a Buy?

707 Cayman Holdings Limited (NASDAQ:JEM)’s share price rose 0.2% during mid-day trading on Tuesday . The stock traded as high as $0.30 and last traded at $0.2979. Approximately 259,448 shares were traded during trading, a decline of 94% from the average daily volume of 4,209,113 shares. The stock had previously closed at $0.2973.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of 707 Cayman in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

707 Cayman Price Performance

The business’s fifty day moving average is $0.39.

Institutional Investors Weigh In On 707 Cayman

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC purchased a new stake in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman as of its most recent SEC filing.

707 Cayman Company Profile

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers.