Jiuzi (NASDAQ:JZXN) Rating Lowered to “Strong Sell” at Wall Street Zen

Jiuzi (NASDAQ:JZXN) was downgraded by equities research analysts at Wall Street Zen to a “strong sell” rating in a research report issued on Saturday.

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

Jiuzi Price Performance

Shares of NASDAQ:JZXN opened at $1.19 on Friday. The business’s 50-day moving average is $1.27 and its 200-day moving average is $1.29. Jiuzi has a 1 year low of $0.75 and a 1 year high of $95.20.

Jiuzi (NASDAQ:JZXN) last announced its earnings results on Friday, July 17th. The company reported ($43.92) EPS for the quarter. The company had revenue of $3.57 million during the quarter.

Hedge Funds Weigh In On Jiuzi

An institutional investor recently bought a new stake in Jiuzi stock. Sabby Management LLC acquired a new position in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up about 0.5% of Sabby Management LLC’s investment portfolio, making the stock its 13th biggest position. Sabby Management LLC owned about 14.13% of Jiuzi at the end of the most recent reporting period. Institutional investors and hedge funds own 0.62% of the company’s stock.

Jiuzi Company Profile

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.