China Jo-Jo Drugstores Stock Set to Reverse Split on Friday, March 1st (NASDAQ:CJJD)

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJDFree Report)’s stock is scheduled to reverse split on the morning of Friday, March 1st. The 1-20 reverse split was announced on Friday, March 1st. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 1st.

China Jo-Jo Drugstores Stock Down 14.6 %

Shares of NASDAQ:CJJD traded down $0.03 on Wednesday, reaching $0.18. 1,414,815 shares of the company traded hands, compared to its average volume of 489,183. The business’s 50-day simple moving average is $0.20 and its 200 day simple moving average is $0.22. China Jo-Jo Drugstores has a 52 week low of $0.17 and a 52 week high of $9.65.

Analyst Ratings Changes

Separately, assumed coverage on China Jo-Jo Drugstores in a research note on Saturday. They set a “sell” rating on the stock.

Read Our Latest Report on China Jo-Jo Drugstores

Institutional Trading of China Jo-Jo Drugstores

A hedge fund recently bought a new stake in China Jo-Jo Drugstores stock. Acadian Asset Management LLC acquired a new position in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJDFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 155,609 shares of the company’s stock, valued at approximately $61,000. Acadian Asset Management LLC owned 0.66% of China Jo-Jo Drugstores at the end of the most recent reporting period. Institutional investors and hedge funds own 3.63% of the company’s stock.

About China Jo-Jo Drugstores

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China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.

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