Joint (NASDAQ:JYNT) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of The Joint Corp. (NASDAQ:JYNT) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.93 and traded as high as $11.37. Joint shares last traded at $11.29, with a volume of 29,892 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on JYNT shares. StockNews.com raised Joint from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Roth Mkm decreased their price objective on Joint from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 8th.

Joint Stock Up 1.4 %

The firm’s 50 day moving average is $10.93 and its 200-day moving average is $11.51. The firm has a market cap of $169.12 million, a PE ratio of -9.90 and a beta of 1.60.

Institutional Investors Weigh In On Joint

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in Joint by 1.1% during the third quarter. Geode Capital Management LLC now owns 291,581 shares of the company’s stock worth $3,336,000 after buying an additional 3,043 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Joint by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 194,139 shares of the company’s stock worth $2,730,000 after acquiring an additional 17,268 shares during the period. Douglass Winthrop Advisors LLC lifted its holdings in shares of Joint by 4.1% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 146,400 shares of the company’s stock worth $1,675,000 after acquiring an additional 5,800 shares during the period. Verus Capital Partners LLC boosted its position in shares of Joint by 5.9% in the third quarter. Verus Capital Partners LLC now owns 132,955 shares of the company’s stock worth $1,521,000 after acquiring an additional 7,440 shares during the last quarter. Finally, O Brien Greene & Co. Inc grew its holdings in Joint by 3.5% in the third quarter. O Brien Greene & Co. Inc now owns 119,620 shares of the company’s stock valued at $1,368,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 76.88% of the company’s stock.

Joint Company Profile

The Joint Corp. operates and franchises chiropractic clinics in the United States. The company operates in two segments, Corporate Clinics and Franchise Operations. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.