JX Luxventure Group (NASDAQ:JXG) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of JX Luxventure Group (NASDAQ:JXG) from a hold rating to a sell rating in a research report report published on Sunday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of JX Luxventure Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

JX Luxventure Group Stock Performance

JXG stock opened at $8.90 on Friday. The firm’s 50-day moving average is $8.57 and its two-hundred day moving average is $15.29. JX Luxventure Group has a 52 week low of $3.01 and a 52 week high of $73.80.

JX Luxventure Group (NASDAQ:JXG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $12.59 million during the quarter.

JX Luxventure Group Company Profile

JX Luxventure Group Inc is a special purpose acquisition company incorporated in Delaware. As a blank check entity, it has no commercial operations of its own and was established to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The company’s sponsors and management team bring experience in financial services, corporate finance and mergers and acquisitions.