Eye Catching Stock News: China Jo-Jo Drugstores (NASDAQ:CJJD)

China Jo-Jo Drugstores (NASDAQ:CJJD)stock identified change of 76.24% away from 52-week low price and recently located move of -47.49% off 52-week high price. It has market worth of $56.21MM. CJJD stock has been recorded 4.34% away from 50 day moving average and 27.23% away from 200 day moving average. Moving closer, we can see that shares have been trading 8.54% off 20-day moving average.

On April 3, 2020, China Jo-Jo Drugstores (NASDAQ:CJJD) a leading online and offline retailer and wholesale distributor of pharmaceutical and other healthcare products and a provider of healthcare services in China, declared that Hangzhou Economic and Information Bureau (HEIB) and Central Office of Chinese Peasants and Workers Democratic Party[1] (CPWDP) conveyed to the Company their appreciation and thanks for the Company’s contribution in combating the novel coronavirus outbreak (COVID-19).

In the thank-you letter from HEIB, the Company was recognized as one of seven municipal-level temporary reserve organizations of prevention and control materials. The Company was praised for actively exerting initiative to ensure the market supply and effectively alleviating the imbalance between supply and demand of epidemic prevention materials such as masks in the market.

CPWDP thanked Mr. Wei Hu, the Chief Operating Officer of Jo-Jo Drugstores, for his contribution of monitoring and responding to the outbreak of COVID-19. Under Mr. Hu’s guidance, the Company established the 24-hour Coronavirus Emergency Team to ensure the implementation of the coronavirus prevention and control work.

The Services sector company, China Jo-Jo Drugstores noticed change of -1.66% to $1.78 along volume of 252941 shares in recent session compared to an average volume of 334.97K. The stock observed return of 4.09% in 5 days trading activity. The stock was at 5.95% over one month performance. CJJD’s shares are at -3.78% for the quarter and driving a -37.32% return over the course of the past year and is now at -2.20% since this point in 2018.

The average volatility for the week at 5.51% and for month was at 7.23%. There are 31.58M shares outstanding and 23.48M shares are floated in market. Right now the stock beta is 0.49.

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