Jayud Global Logistics Limited (NASDAQ:JYD – Get Free Report)’s share price passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $1.18 and traded as low as $1.11. Jayud Global Logistics shares last traded at $1.14, with a volume of 44,643 shares trading hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Jayud Global Logistics in a report on Friday, August 14th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Get Our Latest Stock Report on JYD
Jayud Global Logistics Trading Down 6.6%
The company’s fifty day moving average is $1.18 and its 200-day moving average is $1.89.
Hedge Funds Weigh In On Jayud Global Logistics
A hedge fund recently bought a new stake in Jayud Global Logistics stock. Renaissance Technologies LLC bought a new position in Jayud Global Logistics Limited (NASDAQ:JYD – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,400 shares of the company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned about 0.41% of Jayud Global Logistics as of its most recent SEC filing. 67.92% of the stock is currently owned by institutional investors.
About Jayud Global Logistics
Jayud Global Logistics Limited (NASDAQ: JYD) is a China-based logistics and supply chain services provider headquartered in Shenzhen. The company focuses on facilitating domestic and international trade through integrated logistics solutions for businesses and their cargo. Its services include freight forwarding, customs clearance, warehousing, cargo consolidation, trucking and other transportation-related support. Jayud also provides supply chain management services designed to coordinate the movement, storage and delivery of goods across multiple stages of the logistics process.
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