J-Long Group (NASDAQ:JL) Shares Down 7.4% – Here’s What Happened

J-Long Group Limited (NASDAQ:JL – Get Free Report)’s share price traded down 7.4% during trading on Wednesday . The company traded as low as $5.60 and last traded at $5.60. Approximately 91,770 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 86,931 shares. The stock had previously closed at $6.05.

Analyst Ratings Changes

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

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J-Long Group Stock Performance

The company has a quick ratio of 2.36, a current ratio of 2.79 and a debt-to-equity ratio of 0.02. The company’s 50 day simple moving average is $6.37 and its 200-day simple moving average is $5.65.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC acquired a new position in J-Long Group Limited (NASDAQ:JL – Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned approximately 0.28% of J-Long Group as of its most recent filing with the Securities & Exchange Commission.

About J-Long Group

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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.

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