CJJD Stock Surges Over 6% Amid Volatility in Pharmaceutical Retail Sector

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Oct 15, 2024

China Jo-Jo Drugstores (CJJD, Financial) experienced a significant stock price increase, rising by 6.02% to $1.88 per share. Trading volume stood at 5,268 shares, with a turnover rate of 0.08% and a price fluctuation of 6.66%.

The latest financial report reveals revenue at $155 million with a net loss of $4.23 million. Earnings per share were reported as a loss of $2.93, while the gross profit reached $31.11 million. The price-to-earnings ratio is currently -0.60. Currently, there are no institutional recommendations for buy, hold, or sell on this stock.

In the pharmaceutical retail industry, overall growth was 0.79%. Besides China Jo-Jo Drugstores, Walgreens Boots Alliance, Petmed Express Inc., and High Tide Inc. showed notable activity. Walgreens and Petmed Express Inc. reported turnover rates of 8.38% and 0.78% respectively, while High Tide Inc. saw a rate of 0.44%. The highest price fluctuations were recorded by Walgreens (11.56%), China Jo-Jo Drugstores (9.97%), and Petmed Express Inc. (4.75%).

China Jo-Jo Drugstores operates through retail drugstores, online sales, and wholesale distribution. The company offers prescription and OTC drugs, traditional Chinese medicine, dietary supplements, medical devices, and grocery products. It primarily generates revenue through its retail pharmacy sector.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.