J-Star (NASDAQ:YMAT) Trading Down 1.7% – Here’s What Happened

J-Star Holding Co., Ltd (NASDAQ:YMAT)’s stock price fell 1.7% on Tuesday . The company traded as low as $2.27 and last traded at $2.30. Approximately 46,465 shares were traded during trading, a decline of 93% from the average daily volume of 689,576 shares. The stock had previously closed at $2.34.

Analyst Upgrades and Downgrades

YMAT has been the subject of several research analyst reports. Wall Street Zen raised shares of J-Star to a “hold” rating in a research note on Saturday, June 27th. Weiss Ratings cut shares of J-Star from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

J-Star Stock Down 1.7%

The stock has a 50 day simple moving average of $3.63 and a 200-day simple moving average of $2.57.

J-Star (NASDAQ:YMAT) last posted its earnings results on Thursday, April 30th. The company reported ($3.08) EPS for the quarter. The firm had revenue of ($0.33) million during the quarter.

Institutional Investors Weigh In On J-Star

An institutional investor recently bought a new position in J-Star stock. Citadel Advisors LLC acquired a new stake in shares of J-Star Holding Co., Ltd (NASDAQ:YMAT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 68,530 shares of the company’s stock, valued at approximately $82,000. Citadel Advisors LLC owned about 0.40% of J-Star as of its most recent SEC filing.

About J-Star

J-Star Holding Co, Ltd. is a provider of carbon fiber and composite solutions across a wide range of applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services. J-Star Holding Co, Ltd. is based in TAICHUNG CITY, Taiwan.