JBDI (NASDAQ:JBDI) Trading Up 30% – Should You Buy?

JBDI Holdings Limited (NASDAQ:JBDI) shares traded up 30% on Tuesday . The company traded as high as $0.60 and last traded at $0.55. 120,628 shares changed hands during trading, a decline of 72% from the average session volume of 428,198 shares. The stock had previously closed at $0.4230.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JBDI in a report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

JBDI Stock Performance

The company has a current ratio of 4.46, a quick ratio of 4.19 and a debt-to-equity ratio of 0.25. The stock’s 50 day simple moving average is $0.60 and its 200 day simple moving average is $0.74.

About JBDI

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.