Jupai (NYSE:JP) Sees Large Volume Increase
Shares of Jupai Holdings Ltd (NYSE:JP) saw unusually-strong trading volume on Tuesday . Approximately 1,044,700 shares changed hands during trading, an increase of 534% from the previous session’s volume of 164,895 shares.The stock last traded at $1.67 and had previously closed at $1.60.
Separately, ValuEngine upgraded shares of Jupai from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.
The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. The stock’s 50 day moving average is $1.64 and its two-hundred day moving average is $1.94.
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in shares of Jupai in the 2nd quarter valued at approximately $153,000. Susquehanna International Group LLP bought a new position in Jupai during the 2nd quarter worth approximately $28,000. Finally, Millennium Management LLC bought a new position in Jupai during the 3rd quarter worth approximately $26,000. 10.73% of the stock is currently owned by institutional investors.
Jupai Company Profile (NYSE:JP)
Jupai Holdings Limited, together with its subsidiaries, provides wealth management products and advisory services to high-net-worth individuals in China. It also provides asset management services, including management of real estate or related funds and other fund products. The company offers services for fixed income products, private equity and venture capital funds, and public market products, as well as other products, including overseas insurance products and foreign-currency denominated alternative investments.
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