China Jo-Jo Drugstores (CJJD) Shares Down 7.9%

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China Jo-Jo Drugstores Inc (NASDAQ:CJJD) shares fell 7.9% on Monday . The company traded as low as $1.36 and last traded at $1.40. 1,090,498 shares traded hands during trading, an increase of 99% from the average session volume of 548,564 shares. The stock had previously closed at $1.52.

China Jo-Jo Drugstores (NASDAQ:CJJD) last posted its quarterly earnings data on Thursday, February 14th. The company reported ($0.06) earnings per share for the quarter. China Jo-Jo Drugstores had a negative net margin of 16.44% and a negative return on equity of 104.81%. The firm had revenue of $30.92 million for the quarter.

A number of hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in China Jo-Jo Drugstores by 81.5% during the third quarter. Renaissance Technologies LLC now owns 289,739 shares of the company’s stock valued at $466,000 after acquiring an additional 130,139 shares during the last quarter. Deutsche Bank AG increased its position in China Jo-Jo Drugstores by 68.0% during the fourth quarter. Deutsche Bank AG now owns 173,096 shares of the company’s stock valued at $346,000 after acquiring an additional 70,057 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of China Jo-Jo Drugstores in the first quarter worth about $85,000. Institutional investors and hedge funds own 19.66% of the company’s stock.

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About China Jo-Jo Drugstores (NASDAQ:CJJD)

China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.

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