J-Long Group (NASDAQ:JL) Stock Price Up 0.3% – What’s Next?

Shares of J-Long Group Limited (NASDAQ:JL) were up 0.3% during mid-day trading on Tuesday . The stock traded as high as $6.95 and last traded at $6.74. Approximately 23,855 shares changed hands during mid-day trading, an increase of 74% from the average daily volume of 13,722 shares. The stock had previously closed at $6.72.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of J-Long Group from a “sell (e)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

J-Long Group Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 2.79 and a quick ratio of 2.36. The company’s fifty day moving average is $6.38 and its 200-day moving average is $5.47.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in J-Long Group stock. Renaissance Technologies LLC purchased a new position in shares of J-Long Group Limited (NASDAQ:JL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned about 0.28% of J-Long Group at the end of the most recent reporting period.

J-Long Group Company Profile

J-Long Group Limited distributes reflective and non-reflective garment trims in Asia, Hong Kong, the People's Republic of China, and internationally. The company offers heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers, and drawcords. It also sells through online. The company was founded in 1985 and is based in Tsuen Wan, Hong Kong.