Wall Street Zen Upgrades 707 Cayman (NASDAQ:JEM) to Hold

707 Cayman (NASDAQ:JEM) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings downgraded 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, 707 Cayman currently has an average rating of “Sell”.

707 Cayman Stock Performance

Shares of JEM opened at $6.35 on Friday. The business’s fifty day moving average price is $19.29 and its 200 day moving average price is $24.89. 707 Cayman has a 12-month low of $3.40 and a 12-month high of $1,620.00.

Insider Activity at 707 Cayman

In other 707 Cayman news, major shareholder Financial Lp Hrt sold 4,034 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $7.20, for a total value of $29,044.80. Following the sale, the insider directly owned 11,500 shares in the company, valued at approximately $82,800. The trade was a 25.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders acquired 147,842 shares of company stock valued at $456,127 and sold 61,812 shares valued at $185,017.

Hedge Funds Weigh In On 707 Cayman

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC purchased a new stake in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman at the end of the most recent quarter.

707 Cayman Company Profile

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.