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Joint (NASDAQ:JYNT) Stock Crosses Above 50 Day Moving Average - Here's What Happened

Joint logo with Medical background

The Joint Corp. (NASDAQ:JYNT - Get Free Report)'s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Analyst Ratings Changes

JYNT has been the topic of several recent research reports. Roth Mkm cut their price target on Joint from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, November 8th. StockNews.com upgraded Joint from a "hold" rating to a "buy" rating in a research note on Friday, November 15th.

View Our Latest Stock Analysis on JYNT

Joint Price Performance

The stock has a fifty day moving average price of $10.91 and a two-hundred day moving average price of $11.44. The company has a market cap of $165.53 million, a P/E ratio of -9.69 and a beta of 1.60.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in shares of Joint by 47.7% during the second quarter. American Century Companies Inc. now owns 24,170 shares of the company's stock valued at $340,000 after purchasing an additional 7,804 shares during the period. Geode Capital Management LLC grew its position in Joint by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 291,581 shares of the company's stock valued at $3,336,000 after buying an additional 3,043 shares in the last quarter. Barclays PLC increased its stake in Joint by 71.4% during the 3rd quarter. Barclays PLC now owns 25,609 shares of the company's stock valued at $294,000 after buying an additional 10,671 shares during the period. Dimensional Fund Advisors LP raised its position 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 buying an additional 17,268 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Joint in the 3rd quarter worth approximately $175,000. Institutional investors and hedge funds own 76.88% of the company's stock.

About Joint

(Get Free Report)

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.

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