Jupai (NYSE:JP) Stock Price Crosses Below Fifty Day Moving Average of $1.07

Jupai Holdings Limited (NYSE:JP)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.07 and traded as low as $0.87. Jupai shares last traded at $0.88, with a volume of 53,740 shares.

The stock has a market cap of $28.32 million, a PE ratio of -7.00 and a beta of 1.48. The stock has a fifty day moving average price of $1.06 and a 200 day moving average price of $1.21.

A number of institutional investors and hedge funds have recently bought and sold shares of JP. Renaissance Technologies LLC grew its stake in Jupai by 8.4% during the 2nd quarter. Renaissance Technologies LLC now owns 322,825 shares of the asset manager’s stock worth $562,000 after buying an additional 25,100 shares during the last quarter. Citadel Advisors LLC purchased a new position in Jupai during the 3rd quarter worth $44,000. Finally, Two Sigma Securities LLC purchased a new position in Jupai during the 3rd quarter worth $28,000. Institutional investors own 12.19% of the company’s stock.

Jupai Company Profile (NYSE:JP)

Jupai Holdings Ltd. engages in the provision of wealth and asset management services. It focuses on distributing wealth management products and providing advisory services to high-net-worth individuals. The company was founded in July 2010 and is headquartered in Shanghai, China.

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