Jiuzi (NASDAQ:JZXN) Stock Rating Upgraded by Wall Street Zen

Jiuzi (NASDAQ:JZXN – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

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

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Jiuzi Stock Performance

Shares of Jiuzi stock opened at $1.11 on Friday. The company’s 50-day moving average price is $1.29 and its two-hundred day moving average price is $1.20. Jiuzi has a 52 week low of $0.75 and a 52 week high of $95.20.

Jiuzi (NASDAQ:JZXN – Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The company reported ($43.92) earnings per share for the quarter. The firm had revenue of $3.57 million for the quarter.

Hedge Funds Weigh In On Jiuzi

An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC bought a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up approximately 0.5% of Sabby Management LLC’s investment portfolio, making the stock its 13th largest position. Sabby Management LLC owned approximately 14.13% of Jiuzi as of its most recent SEC filing. Hedge funds and other institutional investors own 0.62% of the company’s stock.

About Jiuzi

(Get Free Report)

Jiuzi Holdings Limited is a China-based electric-vehicle dealership company. Through its operating subsidiaries and dealership network, the company sells new energy vehicles, including electric passenger vehicles and other vehicles supplied by third-party manufacturers.

In addition to vehicle sales, Jiuzi’s business has included related automotive products and services, such as vehicle financing support, insurance-related services, registration assistance and after-sales service. The company has operated dealerships primarily in smaller cities and regional markets in China, using a combination of directly operated and franchised locations under the Jiuzi brand.

Jiuzi was established in Hangzhou, Zhejiang Province, and became a publicly traded company in the United States in 2021.

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