China Jo-Jo Drugstores (NASDAQ:CJJD) Shares Scheduled to Reverse Split on Friday, March 1st

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJDFree Report)’s stock is going to reverse split on Friday, March 1st. The 1-20 reverse split was announced on Friday, March 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 1st.

China Jo-Jo Drugstores Price Performance

Shares of CJJD stock traded down $0.03 during mid-day trading on Wednesday, hitting $0.18. 1,414,815 shares of the company’s stock were exchanged, compared to its average volume of 489,183. China Jo-Jo Drugstores has a fifty-two week low of $0.17 and a fifty-two week high of $9.65. The stock has a 50-day simple moving average of $0.20 and a two-hundred day simple moving average of $0.22.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on China Jo-Jo Drugstores in a report on Saturday. They issued a “sell” rating on the stock.

Get Our Latest Research Report on China Jo-Jo Drugstores

Institutional Inflows and Outflows

An institutional investor recently bought a new position in China Jo-Jo Drugstores stock. Acadian Asset Management LLC acquired a new stake in China Jo-Jo Drugstores, Inc. (NASDAQ:CJJDFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 155,609 shares of the company’s stock, valued at approximately $61,000. Acadian Asset Management LLC owned 0.66% of China Jo-Jo Drugstores at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.63% of the company’s stock.

China Jo-Jo Drugstores Company Profile

(Get Free Report)

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.

Further Reading

Receive News & Ratings for China Jo-Jo Drugstores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Jo-Jo Drugstores and related companies with MarketBeat.com's FREE daily email newsletter.