JBDI (NASDAQ:JBDI) Posts Quarterly Earnings Results

JBDI (NASDAQ:JBDI) posted its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, reports. The firm had revenue of $2.22 million during the quarter.

JBDI Price Performance

Shares of NASDAQ:JBDI traded down $0.01 on Wednesday, reaching $1.32. The company’s stock had a trading volume of 2,327 shares, compared to its average volume of 122,993. JBDI has a 52-week low of $0.78 and a 52-week high of $6.00. The stock’s 50-day moving average is $1.24 and its two-hundred day moving average is $1.25.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded JBDI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

JBDI Company Profile

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.