JBDI Holdings Limited (NASDAQ:JBDI – Get Free Report) shares rose 10.7% during mid-day trading on Friday. The stock traded as high as $3.95 and last traded at $2.59. 7,150,737 shares traded hands during trading, an increase of 31% from the average session volume of 5,447,873 shares. The stock had previously closed at $2.34.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded JBDI from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, JBDI has a consensus rating of “Sell”.
Get Our Latest Analysis on JBDI
JBDI Stock Performance
The business has a fifty day simple moving average of $1.33 and a 200 day simple moving average of $1.22. The company has a current ratio of 3.38, a quick ratio of 3.20 and a debt-to-equity ratio of 0.27.
JBDI (NASDAQ:JBDI – Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $2.22 million for the quarter.
About JBDI
JBDI Holdings Limited is a Singapore-based food distribution company that supplies a range of frozen, chilled and ambient food products to customers in the food-service and retail sectors. Its product offerings include items such as meat, poultry, seafood, dairy products and other food ingredients.
The company serves commercial customers in Singapore, including restaurants, hotels, caterers, food manufacturers and other institutional buyers. Its activities include sourcing products from suppliers, managing inventory and logistics, and distributing food products through its customer network.
JBDI Holdings Limited operates as a holding company through its subsidiaries.
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