JMU Ltd- (NASDAQ:JMU)’s share price was down 5.2% during mid-day trading on Friday . The company traded as low as $1.09 and last traded at $1.09, approximately 1,783 shares changed hands during mid-day trading. A decline of 91% from the average daily volume of 19,735 shares. The stock had previously closed at $1.15.
The firm has a 50-day moving average price of $1.25.
An institutional investor recently bought a new position in JMU Ltd- stock. Virtu Financial LLC acquired a new position in JMU Ltd- (NASDAQ:JMU) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,360 shares of the information services provider’s stock, valued at approximately $29,000. Virtu Financial LLC owned 0.21% of JMU Ltd- as of its most recent SEC filing. Hedge funds and other institutional investors own 1.83% of the company’s stock.
JMU Limited operates a business-to-business online e-commerce platform that provides integrated services to suppliers and customers in the catering industry in the People's Republic of China. 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 customers for consumption at their brick and mortar stores.
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