Zacks Investment Research upgraded shares of Chow Tai Fook Jewe (OTCMKTS:CJEWY) from a hold rating to a buy rating in a report published on Thursday, January 18th. The firm currently has $12.00 target price on the stock.
According to Zacks, “Chow Tai Fook Jewellery Group manufactures and sells jewelry products. The Company sells rings, necklaces, earrings, pendants, bracelets and small statues. It operates primarily in China, Hong Kong, Macau, Taiwan, Malaysia and Singapore. Chow Tai Fook Jewellery Group is headquartered in Central, Hong Kong. “
Chow Tai Fook Jewe (CJEWY) traded down $0.06 during midday trading on Thursday, hitting $10.60. 1,432 shares of the stock were exchanged, compared to its average volume of 3,725. Chow Tai Fook Jewe has a 12-month low of $8.65 and a 12-month high of $12.17. The company has a current ratio of 2.30, a quick ratio of 0.56 and a debt-to-equity ratio of 0.07.
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About Chow Tai Fook Jewe
Chow Tai Fook Jewellery Group Limited, an investment holding company, manufactures and sells jewelry products. The company offers high-end luxury, mass luxury, and youth line jewelry products, including gem-set, gold, and platinum/karat gold products under the Chow Tai Fook and Hearts On Fire brands.
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