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

Wall Street Zen downgraded shares of Jiuzi (NASDAQ:JZXN) to a strong sell rating in a research note published on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Jiuzi in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Jiuzi Stock Performance

Shares of Jiuzi stock opened at $1.35 on Friday. Jiuzi has a one year low of $0.75 and a one year high of $95.20. The firm has a fifty day moving average of $1.28 and a two-hundred day moving average of $1.29.

Jiuzi (NASDAQ:JZXN) last posted its quarterly 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 Trading of Jiuzi

A hedge fund recently bought a new stake in Jiuzi stock. Sabby Management LLC bought a new stake in Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi comprises approximately 0.5% of Sabby Management LLC’s investment portfolio, making the stock its 13th biggest position. Sabby Management LLC owned about 14.13% of Jiuzi as of its most recent filing with the Securities and Exchange Commission. 0.62% of the stock is owned by hedge funds and other 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.