Jiuzi (NASDAQ:JZXN) Stock Rating Lowered by Wall Street Zen

Jiuzi (NASDAQ:JZXN) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Jiuzi in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Jiuzi Price Performance

Shares of Jiuzi stock opened at $1.15 on Friday. The stock has a 50 day moving average of $1.66 and a 200 day moving average of $13.56. Jiuzi has a 12 month low of $1.03 and a 12 month high of $312.80.

Hedge Funds Weigh In On Jiuzi

An institutional investor recently bought a new position in Jiuzi stock. Sabby Management LLC purchased a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi accounts for about 0.5% of Sabby Management LLC’s holdings, making the stock its 13th largest holding. Sabby Management LLC owned approximately 14.13% of Jiuzi at the end of the most recent quarter. Hedge funds and other institutional investors own 0.62% of the company’s stock.

Jiuzi Company Profile

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.