China Jo-Jo Drugstores (NASDAQ:CJJD) Shares Gap Down to $2.57

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China Jo-Jo Drugstores Inc (NASDAQ:CJJD)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $3.32, but opened at $2.57. China Jo-Jo Drugstores shares last traded at $2.57, with a volume of 1,499,200 shares changing hands.

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.21. The firm has a market cap of $84.65 million, a P/E ratio of 45.35 and a beta of 0.66. The firm’s fifty day moving average price is $2.46 and its 200 day moving average price is $1.85.

An institutional investor recently raised its position in China Jo-Jo Drugstores stock. Renaissance Technologies LLC lifted its position in China Jo-Jo Drugstores Inc (NASDAQ:CJJD) by 16.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 957,958 shares of the company’s stock after buying an additional 131,896 shares during the period. Renaissance Technologies LLC owned approximately 2.91% of China Jo-Jo Drugstores worth $1,743,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 18.22% of the company’s stock.

China Jo-Jo Drugstores Company Profile (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.

Further Reading: Neutral Rating

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