Bon Natural Life (NASDAQ:BON) Stock Jumps 2.7% – Still a Buy?

Bon Natural Life Limited (NASDAQ:BON) shares traded up 2.7% during mid-day trading on Wednesday. The stock traded as high as $1.1450 and last traded at $1.14. Approximately 4,247 shares were traded during trading, a decline of 57% from the average session volume of 9,778 shares. The stock had previously closed at $1.11.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Bon Natural Life from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Bon Natural Life Stock Performance

The stock’s fifty day moving average is $1.15 and its two-hundred day moving average is $1.27. The company has a current ratio of 1.83, a quick ratio of 1.69 and a debt-to-equity ratio of 0.03.

Bon Natural Life (NASDAQ:BON) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported ($0.76) earnings per share (EPS) for the quarter. The business had revenue of $4.05 million for the quarter.

Bon Natural Life Company Profile

Bon Natural Life Limited is a China-based company focused on the development, manufacture and sale of natural and functional products. Its business centers on botanical and plant-based ingredients used in food, health and personal-care applications. The company offers functional food ingredients, botanical extracts, dietary and nutritional products, and personal-care products. Its product portfolio is intended to support areas such as nutrition, wellness, flavoring and fragrance, while serving businesses that use natural ingredients in consumer products.