China Jo-Jo Drugstores Inc. (CJJD) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the services sector halfway through the trading day. At the lunch break, shares of CJJD have fallen 3.26% to $1.78 after closing the day prior at $1.84. So far, the stock has traded as high as $1.81 and as low as $1.76. Today’s decline has come with about 10,885 shares changing hands, compared to an average 30-day volume of 18,985 for China Jo-Jo Drugstores Inc.. The price is currently below the 30-day volume weighted average price of $1.79 for CJJD.
The share depreciation gives the company a market capitalization of $35.65 million based upon 19.37 million shares outstanding. It also means that CJJD has a price-to-book ratio of 1.83:1.
In the past 52 weeks, shares of CJJD have traded as low as $1.4 and as high as $2.4699. Technical traders will take note that at $1.78, shares of CJJD are trading above their 200-day MA at $1.74 and below their 50-day MA at $1.91. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is CJJD?
China Jo-Jo Drugstores Inc is a retail and wholesale distributor of pharmaceutical and other healthcare products in the People's Republic of China. Its segments include retail drugstores, online pharmacy, drug wholesale and herb farming. The company’s 605 employees are led by CEO Lei Liu from the corporate headquarters at 1st Floor, Yuzheng Plaza, No. 76 in Hangzhou, .
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