707 Cayman (NASDAQ:JEM) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of 707 Cayman (NASDAQ:JEM) to a hold rating in a research report released on Saturday morning.

Separately, Weiss Ratings lowered 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

707 Cayman Price Performance

Shares of JEM stock opened at $6.35 on Friday. The firm has a 50-day moving average price of $19.29 and a 200 day moving average price of $25.06. 707 Cayman has a twelve month low of $3.40 and a twelve month high of $1,620.00.

Insider Transactions at 707 Cayman

In other 707 Cayman news, major shareholder Financial Lp Hrt sold 4,034 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $7.20, for a total value of $29,044.80. Following the completion of the transaction, the insider owned 11,500 shares in the company, valued at approximately $82,800. This represents a 25.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders acquired 147,842 shares of company stock valued at $456,127 and sold 61,812 shares valued at $185,017.

Hedge Funds Weigh In On 707 Cayman

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC purchased a new position in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman as of its most recent filing with the Securities and Exchange Commission.

About 707 Cayman

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.