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Jayud Global Logistics (NASDAQ:JYD) Stock Price Up 11.6% - Time to Buy?

Jayud Global Logistics logo with Transportation background

Key Points

  • Jayud Global Logistics' stock price increased by 11.6% to $6.47, but trading volume decreased by 54% compared to its average, indicating a potential drop in investor interest.
  • Despite the recent stock surge, Weiss Ratings has reaffirmed a "sell" rating, suggesting cautious sentiment among analysts regarding the stock's future performance.
  • Invesco Ltd. has recently purchased a new stake in Jayud Global Logistics, acquiring 74,867 shares valued at approximately $576,000, and institutional investors own a significant 67.92% of the company's stock.
  • MarketBeat previews the top five stocks to own by November 1st.

Jayud Global Logistics Limited (NASDAQ:JYD - Get Free Report) shares rose 11.6% on Tuesday . The company traded as high as $6.85 and last traded at $6.47. Approximately 62,589 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 136,209 shares. The stock had previously closed at $5.80.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Jayud Global Logistics in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of "Sell".

Read Our Latest Research Report on Jayud Global Logistics

Jayud Global Logistics Trading Up 13.1%

The firm has a fifty day moving average of $8.14 and a 200 day moving average of $15.85.

Institutional Trading of Jayud Global Logistics

A hedge fund recently bought a new stake in Jayud Global Logistics stock. Invesco Ltd. bought a new stake in Jayud Global Logistics Limited (NASDAQ:JYD - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 74,867 shares of the company's stock, valued at approximately $576,000. Invesco Ltd. owned 0.08% of Jayud Global Logistics at the end of the most recent reporting period. Hedge funds and other institutional investors own 67.92% of the company's stock.

About Jayud Global Logistics

(Get Free Report)

Jayud Global Logistics Limited, through its subsidiaries, provides a range of cross-border supply chain solution services worldwide. The company offers freight forwarding services, including integrated cross-border logistics, fragmented logistics services, and chartered airline freight services. It also offers supply chain management services, such as international trading and agent services; and other value-added services comprising custom brokerage and intelligent logistic IT systems.

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