How Analysts Feel About JMU Limited (JMU) After Making 52-Week Low?
July 9, 2018 – By Andrea Pope
The stock of JMU Limited (NASDAQ:JMU) hit a new 52-week low and has $0.32 target or 5.00 % below today’s $0.34 share price. The 7 months bearish chart indicates high risk for the $27.86M company. The 1-year low was reported on Jul, 9 by Barchart.com . If the $0.32 price target is reached, the company will be worth $1.39 million less. The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.
The stock decreased 2.89% or $0.0101 during the last trading session, reaching $0.3397. About 26,421 shares traded. JMU Limited (NASDAQ:JMU) has declined 72.63% since July 9, 2017 and is downtrending. It has underperformed by 85.20% the S&P500.
JMU Limited operates a business-to-business online e-commerce platform that provides integrated services to suppliers and clients in the catering industry in the People’s Republic of China. The company has market cap of $27.86 million. The company’s platform networking services focus on local entertainment and lifestyle services, such as restaurants, movie theaters, and beauty salons, as well as allow local merchants to create online stores and make direct sales to their target clients for consumption at their brick and mortar stores. It currently has negative earnings. It primarily offers food ingredients, seasonings, alcoholic and non-alcoholic drinks, hotel appliances, tableware, kitchen appliances, office appliances, furniture, hotel and restaurant decoration, and hotel and restaurant information systems through its ccjoin.com Website, as well as mobile applications. Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter. Free Email Newsletter Enter your email address below to get the latest news and analysts’ ratings for your stocks with our free daily email newsletter: Recent Posts