Jin Medical International (NASDAQ:ZJYL) Shares Up 26.8% - What's Next?

Key Points

• Jin Medical International Ltd. shares surged by 26.8%, closing at $0.72 after trading as high as $0.74.
• The stock saw a significant increase in trading volume, reaching 938,249 shares, which is a 289% rise compared to its average volume.
• Jin Medical specializes in designing and manufacturing wheelchairs and other mobility aids for individuals with disabilities, operating both in China and internationally.

Jin Medical International Ltd. (NASDAQ:ZJYL - )'s share price shot up 26.8% on Friday . The company traded as high as $0.74 and last traded at $0.72. 938,249 shares traded hands during mid-day trading, an increase of 289% from the average session volume of 241,074 shares. The stock had previously closed at $0.57.

Jin Medical International Price Performance

The business's 50-day simple moving average is $0.64 and its two-hundred day simple moving average is $0.74.

Jin Medical International Company Profile

Jin Medical International Ltd. engages in the design, development, manufacturing, and sale of wheelchair and other living aids products for people with disabilities or impaired mobility in China and internationally. It also offers oxygen concentrators and bathing machines. The company was founded in 2006 and is based in Changzhou, China.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.