Joint (NASDAQ:JYNT – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.
Joint Stock Performance
NASDAQ JYNT remained flat at $11.02 on Monday. 171,882 shares of the company were exchanged, compared to its average volume of 51,534. Joint has a twelve month low of $9.58 and a twelve month high of $17.82. The stock has a market capitalization of $165.12 million, a price-to-earnings ratio of -9.67 and a beta of 1.61. The company’s 50 day moving average price is $11.09 and its 200-day moving average price is $11.15.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in shares of Joint by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 291,581 shares of the company’s stock valued at $3,336,000 after purchasing an additional 3,043 shares in the last quarter. Barclays PLC boosted its stake in shares of Joint by 71.4% in the 3rd quarter. Barclays PLC now owns 25,609 shares of the company’s stock valued at $294,000 after purchasing an additional 10,671 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Joint in the 3rd quarter worth approximately $175,000. FMR LLC boosted its stake in Joint by 38.0% in the third quarter. FMR LLC now owns 10,787 shares of the company’s stock worth $123,000 after purchasing an additional 2,971 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Joint by 5.4% during the third quarter. BNP Paribas Financial Markets now owns 22,510 shares of the company’s stock worth $258,000 after purchasing an additional 1,156 shares in the last quarter. 76.88% of the stock is currently owned by institutional investors and hedge funds.
Joint Company Profile
The Joint Corp. operates and franchises chiropractic clinics in the United States. The company operates in two segments, Corporate Clinics and Franchise Operations. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.
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