Time to Buy JMU Limited (JMU) After Reaching 52 Week Low?

April 16, 2018 - By Migdalia James

The stock of JMU Limited (NASDAQ:JMU) hit a new 52-week low and has $0.71 target or 9.00 % below today’s $0.78 share price. The 8 months bearish chart indicates high risk for the $64.01M company. The 1-year low was reported on Apr, 16 by Barchart.com. If the $0.71 price target is reached, the company will be worth $5.76M 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 1.20% or $0.0095 during the last trading session, reaching $0.7805. About 16,702 shares traded. JMU Limited (NASDAQ:JMU) has declined 70.85% since April 16, 2017 and is downtrending. It has underperformed by 82.40% 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 $64.01 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.

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