JBDI (NASDAQ:JBDI) Shares Climb 10.7% – Here’s What Happened

JBDI Holdings Limited (NASDAQ:JBDI) rose 10.7% during mid-day trading on Friday. The company traded as high as $3.95 and last traded at $2.59. Approximately 7,150,737 shares traded hands during trading, an increase of 31% from the average daily volume of 5,447,873 shares. The stock had previously closed at $2.34.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of JBDI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

JBDI Price 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 debt-to-equity ratio of 0.27, a quick ratio of 3.20 and a current ratio of 3.38.

JBDI (NASDAQ:JBDI) last posted its earnings results on Wednesday, September 2nd. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $2.22 million during the quarter.

JBDI Company Profile

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.