Jayud Global Logistics (NASDAQ:JYD) Shares Cross Above 200 Day Moving Average – Here’s Why

Jayud Global Logistics Limited (NASDAQ:JYD) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $2.00 and traded as high as $2.10. Jayud Global Logistics shares last traded at $2.09, with a volume of 213,330 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Jayud Global Logistics in a report on Friday, August 14th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Jayud Global Logistics presently has a consensus rating of “Sell”.

Jayud Global Logistics Price Performance

The firm has a fifty day simple moving average of $1.09 and a two-hundred day simple moving average of $1.98.

Institutional Trading of Jayud Global Logistics

A hedge fund recently bought a new position in Jayud Global Logistics stock. Renaissance Technologies LLC acquired a new position in Jayud Global Logistics Limited (NASDAQ:JYD) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,400 shares of the company’s stock, valued at approximately $40,000. Renaissance Technologies LLC owned approximately 0.41% of Jayud Global Logistics at the end of the most recent quarter. Institutional investors and hedge funds own 67.92% of the company’s stock.

Jayud Global Logistics Company Profile

Jayud Global Logistics Limited (NASDAQ: JYD) is a China-based logistics and supply chain services provider headquartered in Shenzhen. The company focuses on facilitating domestic and international trade through integrated logistics solutions for businesses and their cargo.

Its services include freight forwarding, customs clearance, warehousing, cargo consolidation, trucking and other transportation-related support. Jayud also provides supply chain management services designed to coordinate the movement, storage and delivery of goods across multiple stages of the logistics process.

The company primarily serves customers in China while supporting cross-border shipments and international trade.