J-Star (YMAT) Lost 64.6%. Here's Why

We recently published 10 Stocks Losing Big. J-Star Holding Co., Ltd. (NASDAQ:YMAT) is one of the worst performers of Tuesday.

J-Star Holding fell by 64.63 percent on Tuesday to finish at $2.03 apiece amid the lack of clear catalysts to spark selling.

J-Star Holding Co., Ltd. (NASDAQ:YMAT) is a Taiwan-based innovative carbon fiber and composite solutions provider for a wide range of applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services, and only debuted on the US stock market last month.

During its initial public offering, J-Star Holding Co., Ltd. (NASDAQ:YMAT) successfully raised $5.75 million from the sale of shares at a price of $4. The total amount included the sale of an additional 187,500 shares, representing an overallotment option.

Since its market debut, the company’s stock has grown by as much as 58 percent. However, its closing price on Tuesday marked a decline of 50.24 percent from its initial price of $4.08 on its first day as a publicly listed company.

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