China Jo-Jo Drugstores (NASDAQ:CJJD) Shares Cross Below 50 Day Moving Average of $1.09

Shares of China Jo-Jo Drugstores Inc (NASDAQ:CJJD) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.09 and traded as low as $1.09. China Jo-Jo Drugstores shares last traded at $1.09, with a volume of 220 shares traded.

Separately, ValuEngine lowered Zymeworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th.

The business has a 50-day simple moving average of $1.09.

A hedge fund recently raised its stake in China Jo-Jo Drugstores stock. Deutsche Bank AG grew its holdings in shares of China Jo-Jo Drugstores Inc (NASDAQ:CJJD) by 68.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 173,096 shares of the company’s stock after acquiring an additional 70,057 shares during the quarter. Deutsche Bank AG owned about 0.60% of China Jo-Jo Drugstores worth $346,000 as of its most recent SEC filing. 18.18% of the stock is currently owned by hedge funds and other institutional investors.

About China Jo-Jo Drugstores (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.

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