J-Long Group (NASDAQ:JL) Posts Quarterly Earnings Results

J-Long Group (NASDAQ:JLGet Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.07 earnings per share for the quarter, reports. The company had revenue of $9.76 million for the quarter.

J-Long Group Stock Down 2.3%

NASDAQ:JL traded down $0.14 on Tuesday, reaching $5.81. 43,929 shares of the company’s stock were exchanged, compared to its average volume of 46,080. J-Long Group has a 52-week low of $1.50 and a 52-week high of $8.22. The business has a fifty day moving average of $6.14 and a 200-day moving average of $5.63.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in J-Long Group stock. Renaissance Technologies LLC purchased a new position in J-Long Group Limited (NASDAQ:JLFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,425 shares of the company’s stock, valued at approximately $72,000. Renaissance Technologies LLC owned approximately 0.28% of J-Long Group as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised J-Long Group from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Check Out Our Latest Stock Report on J-Long Group

About J-Long Group

(Get Free Report)

J-Long Group Limited distributes reflective and non-reflective garment trims in Asia, Hong Kong, the People's Republic of China, and internationally. The company offers heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers, and drawcords. It also sells through online. The company was founded in 1985 and is based in Tsuen Wan, Hong Kong.

Further Reading

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