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ZJYL Sees a Stock Surge of 5.04% Amid Positive Financial Performance
ZJYLJin Med(ZJYL) Gurufocus·2024-10-02 20:11

Stock Performance - Jin Medical International Ltd (ZJYL) experienced a significant stock price increase of 5 04%, reaching 271pershare[1]Thetradingvolumewas112,221shareswithaturnoverrateof0072 71 per share [1] - The trading volume was 112,221 shares with a turnover rate of 0 07% [1] - The stock's amplitude was recorded at 6 59% [1] Financial Performance - ZJYL achieved a revenue of 10 56 million and a net profit of 179million[1]Earningspersharestoodat1 79 million [1] - Earnings per share stood at 0 01 [1] - The company's gross profit is $3 74 million with a price-to-earnings ratio of 143 01 [1] - No institutions have issued buy, hold, or sell ratings for this stock [1] Industry Overview - The broader medical equipment industry saw an overall increase of 0 30% [2] - Notable gainers in the industry include Innovative Eyewear, Inc [2] - High amplitude stocks in the sector include Sharps Technology Inc C/Wts (To Pur Com), Innovative Eyewear, Inc , and Innovative Eyewear Inc C/Wts 16/08/2027 (To Pur Com) Ser A, with amplitudes of 37 67%, 32 00%, and 20 96% respectively [2] Company Overview - Jin Medical International Ltd specializes in rehabilitation equipment such as wheelchairs and other assistive living products for disabled or mobility-impaired individuals [2] - The company's products are sold to distributors in both the Chinese and international markets [2] - Their product range includes wheelchairs, bath products, oxygen machines, care products, and conlo products [2]