JX Luxventure Group (NASDAQ:JXG) Posts Quarterly Earnings Results

JX Luxventure Group (NASDAQ:JXG) issued its quarterly earnings data on Friday. The company reported ($11.33) EPS for the quarter, FiscalAI reports. The firm had revenue of $28.88 million during the quarter.

JX Luxventure Group Price Performance

JXG traded up $1.26 during midday trading on Friday, hitting $6.53. 55,781 shares of the company were exchanged, compared to its average volume of 2,161. The company’s 50 day simple moving average is $3.99 and its 200 day simple moving average is $5.26. JX Luxventure Group has a 1-year low of $3.01 and a 1-year high of $41.70.

Institutional Investors Weigh In On JX Luxventure Group

A hedge fund recently bought a new stake in JX Luxventure Group stock. HRT Financial LP purchased a new position in shares of JX Luxventure Group Inc (NASDAQ:JXG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,213 shares of the company’s stock, valued at approximately $139,000. HRT Financial LP owned 15.48% of JX Luxventure Group as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of JX Luxventure Group in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

About JX Luxventure Group

JX Luxventure Group Inc is a special purpose acquisition company incorporated in Delaware. As a blank check entity, it has no commercial operations of its own and was established to raise capital through an initial public offering for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The company’s sponsors and management team bring experience in financial services, corporate finance and mergers and acquisitions.