Jiuzi (NASDAQ:JZXN) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Jiuzi (NASDAQ:JZXN) from a hold rating to a sell rating in a research report released on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Jiuzi in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Jiuzi Price Performance

NASDAQ:JZXN opened at $1.15 on Friday. Jiuzi has a 52-week low of $1.03 and a 52-week high of $312.80. The stock has a fifty day moving average of $1.65 and a 200 day moving average of $13.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Jiuzi stock. Sabby Management LLC bought a new stake in shares of Jiuzi Holdings, Inc. (NASDAQ:JZXN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 187,951 shares of the company’s stock, valued at approximately $325,000. Jiuzi makes up about 0.5% of Sabby Management LLC’s investment portfolio, making the stock its 13th largest position. Sabby Management LLC owned 14.13% of Jiuzi as of its most recent SEC filing. Hedge funds and other institutional investors own 0.62% of the company’s stock.

Jiuzi Company Profile

Jiuzi Holdings, Inc, through its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co, Ltd., franchises and operates retail stores under the Jiuzi brand that sell new energy vehicles, plug-in electric vehicles, and related components and parts in the People’s Republic of China. It provides corporate investment consulting services. The company also engages in new energy vehicle retail, new energy vehicle component sales, new energy vehicle battery sales, vehicle audio equipment and electronics sales, vehicle ornament sales, technology service and development, marketing planning, vehicle rentals, etc.