Jiuzi (NASDAQ:JZXN) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Jiuzi (NASDAQ:JZXN) from a hold rating to a sell rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Jiuzi Stock Performance

Shares of NASDAQ JZXN opened at $1.15 on Friday. The firm has a fifty day simple moving average of $1.66 and a two-hundred day simple moving average of $13.71. Jiuzi has a 12 month low of $1.03 and a 12 month high of $312.80.

Hedge Funds Weigh In On Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Anson Funds Management LP purchased a new position in Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 616,216 shares of the company’s stock, valued at approximately $263,000. Anson Funds Management LP owned approximately 1.23% of Jiuzi as of its most recent SEC filing. Institutional investors and hedge funds own 0.62% of the company’s stock.

Jiuzi Company Profile

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.