Do you fold this? Raise on the flop?

Party Poker No-Limit Hold'em, $ Hero (10 handed) converter

UTG+2 ($50)
MP1 ($18.75)
MP2 ($93.05)
MP3 ($38.8)
CO ($71.25)
Button ($50.6)
SB ($57.15)
Hero ($28.4)
UTG ($49.75)
UTG+1 ($25.05)

Preflop: Hero is BB with J, J. UTG+2 posts a blind of $0.5. SB posts a blind of $0.25.
1 fold, UTG+1 calls $0.50, UTG+2 (poster) checks, 2 folds, MP3 raises to $2, 3 folds, Hero calls $1.50, UTG+1 folds, UTG+2 folds.

Flop: ($5.25) 5, 2, Q (2 players)
Hero checks, MP3 bets $3, Hero folds.

Final Pot: $8.25