Jupai (NYSE:JP) Share Price Passes Above 50-Day Moving Average of $0.59

Jupai Holdings Limited (NYSE:JPGet Rating)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.59 and traded as high as $0.85. Jupai shares last traded at $0.48, with a volume of 2,697,203 shares traded.

The business has a 50-day moving average price of $0.59 and a two-hundred day moving average price of $0.83. The company has a market capitalization of $15.18 million, a price-to-earnings ratio of -0.37 and a beta of 1.62.

Jupai (NYSE:JPGet Rating) last issued its earnings results on Tuesday, March 29th. The asset manager reported ($0.09) earnings per share for the quarter. Jupai had a negative return on equity of 0.93% and a negative net margin of 75.40%. The firm had revenue of $11.15 million for the quarter.

A number of institutional investors have recently made changes to their positions in JP. Citadel Advisors LLC bought a new position in Jupai in the 3rd quarter valued at $44,000. Envestnet Asset Management Inc. bought a new position in Jupai in the 4th quarter valued at $35,000. Finally, Two Sigma Securities LLC bought a new position in Jupai in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 11.05% of the company’s stock.

About Jupai (NYSE:JP)

Jupai Holdings Limited, together with its subsidiaries, provides wealth management products and advisory services to high-net-worth individuals in China. It offers services for fixed income products, private equity and venture capital funds, and public market products, as well as other products, including overseas insurance products and foreign-currency denominated alternative investments.

Featured Articles

Receive News & Ratings for Jupai Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jupai and related companies with MarketBeat.com's FREE daily email newsletter.