China Jo-Jo Drugstores (NASDAQ:CJJD) Shares Scheduled to Reverse Split on Friday, March 1st

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJDFree Report)’s stock is going to reverse split on the morning of Friday, March 1st. The 1-20 reverse split was announced on Friday, March 1st. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 1st.

China Jo-Jo Drugstores Stock Performance

Shares of CJJD stock traded down $0.03 on Wednesday, hitting $0.18. The stock had a trading volume of 1,414,815 shares, compared to its average volume of 489,183. The business has a 50 day moving average price of $0.20 and a 200 day moving average price of $0.22. China Jo-Jo Drugstores has a one year low of $0.17 and a one year high of $9.65.

Analysts Set New Price Targets

Separately, initiated coverage on China Jo-Jo Drugstores in a report on Saturday. They issued a “sell” rating for the company.

Check Out Our Latest Report on China Jo-Jo Drugstores

Institutional Trading of China Jo-Jo Drugstores

A hedge fund recently bought a new stake in China Jo-Jo Drugstores stock. Acadian Asset Management LLC purchased a new position in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJDFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 155,609 shares of the company’s stock, valued at approximately $61,000. Acadian Asset Management LLC owned approximately 0.66% of China Jo-Jo Drugstores as of its most recent filing with the Securities and Exchange Commission (SEC). 3.63% of the stock is currently owned by hedge funds and other institutional investors.

About China Jo-Jo Drugstores

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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.

Further Reading

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