Jayud Global Logistics (NASDAQ:JYD) Shares Break Below 50-Day Moving Average – Here’s What Happened

Jayud Global Logistics Limited (NASDAQ:JYD – Get Free Report)’s share price passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $1.18 and traded as low as $1.11. Jayud Global Logistics shares last traded at $1.14, with a volume of 44,643 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Jayud Global Logistics in a research report on Thursday. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Research Report on JYD

Jayud Global Logistics Trading Down 3.1%

The business has a 50-day moving average of $1.19 and a 200-day moving average of $1.86.

Institutional Investors Weigh In On Jayud Global Logistics

An institutional investor recently bought a new position in Jayud Global Logistics stock. Renaissance Technologies LLC purchased a new stake in shares of Jayud Global Logistics Limited (NASDAQ:JYD – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 13,400 shares of the company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned about 0.41% of Jayud Global Logistics at the end of the most recent reporting period. 67.92% of the stock is currently owned by institutional investors.

Jayud Global Logistics Company Profile

(Get Free Report)

Jayud Global Logistics Limited (NASDAQ: JYD) is a China-based logistics and supply chain services provider headquartered in Shenzhen. The company focuses on facilitating domestic and international trade through integrated logistics solutions for businesses and their cargo. Its services include freight forwarding, customs clearance, warehousing, cargo consolidation, trucking and other transportation-related support. Jayud also provides supply chain management services designed to coordinate the movement, storage and delivery of goods across multiple stages of the logistics process.

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