JBDI (NASDAQ:JBDI) Shares Up 21.2% – Here’s What Happened

Shares of JBDI Holdings Limited (NASDAQ:JBDI) rose 21.2% during mid-day trading on Thursday . The stock traded as high as $1.4699 and last traded at $1.37. Approximately 166,198 shares were traded during trading, an increase of 65% from the average session volume of 100,695 shares. The stock had previously closed at $1.13.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of JBDI in a research report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, JBDI currently has a consensus rating of “Sell”.

JBDI Stock Up 21.2%

The firm has a fifty day moving average price of $1.12 and a 200 day moving average price of $1.31. The company has a current ratio of 4.46, a quick ratio of 4.19 and a debt-to-equity ratio of 0.25.

JBDI Company Profile

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.