Jiuzi (NASDAQ:JZXN) Cut to Strong Sell at Wall Street Zen

Jiuzi (NASDAQ:JZXN) was downgraded by equities research analysts at Wall Street Zen to a “strong sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Jiuzi Price Performance

Shares of NASDAQ:JZXN opened at $1.19 on Friday. The company’s fifty day moving average is $1.27 and its two-hundred day moving average is $1.29. Jiuzi has a 12-month low of $0.75 and a 12-month high of $95.20.

Jiuzi (NASDAQ:JZXN) last issued its earnings results on Friday, July 17th. The company reported ($43.92) EPS for the quarter. The firm had revenue of $3.57 million during the quarter.

Institutional Investors Weigh In On Jiuzi

An institutional investor recently bought a new stake in Jiuzi stock. Sabby Management LLC purchased a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up approximately 0.5% of Sabby Management LLC’s portfolio, making the stock its 13th largest position. Sabby Management LLC owned 14.13% of Jiuzi as of its most recent SEC filing. 0.62% of the stock is currently owned by institutional investors.

About Jiuzi

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.