Shares of Adlai Nortye Ltd. Sponsored ADR (NASDAQ:ANL - Get Free Report) were up 6.2% on Monday . The stock traded as high as $14.42 and last traded at $14.07. 140,708 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 408,369 shares. The stock had previously closed at $13.25.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on ANL shares. JonesTrading began coverage on Adlai Nortye in a research report on Thursday, May 14th. They issued a "buy" rating and a $22.00 price objective on the stock. HC Wainwright raised their price target on Adlai Nortye from $16.00 to $20.00 and gave the company a "buy" rating in a report on Monday, April 20th. Weiss Ratings reissued a "sell (e+)" rating on shares of Adlai Nortye in a report on Tuesday, July 14th. Oppenheimer began coverage on shares of Adlai Nortye in a research report on Thursday, May 28th. They set an "outperform" rating and a $32.00 target price on the stock. Finally, Cantor Fitzgerald assumed coverage on shares of Adlai Nortye in a research note on Monday, June 22nd. They issued an "overweight" rating on the stock. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $24.25.
View Our Latest Stock Analysis on Adlai Nortye
Adlai Nortye Stock Up 4.8%
The company's fifty day simple moving average is $11.43 and its two-hundred day simple moving average is $10.82.
Hedge Funds Weigh In On Adlai Nortye
Large investors have recently added to or reduced their stakes in the company. Affinity Asset Advisors LLC bought a new stake in Adlai Nortye in the 1st quarter valued at approximately $1,140,000. ADAR1 Capital Management LLC acquired a new position in shares of Adlai Nortye during the 1st quarter worth about $816,000. Boone Capital Management LLC bought a new stake in Adlai Nortye in the second quarter valued at approximately $2,971,000. Renaissance Technologies LLC acquired a new stake in Adlai Nortye during the 1st quarter valued at $457,000. Finally, SmartHarvest Portfolios LLC increased its holdings in shares of Adlai Nortye by 8.5% in the first quarter. SmartHarvest Portfolios LLC now owns 16,367 shares of the company's stock valued at $113,000 after purchasing an additional 1,279 shares during the last quarter. Institutional investors own 35.21% of the company's stock.
Adlai Nortye Company Profile
(
Get Free Report)
Adlai Nortye Inc NASDAQ: ANL is a specialty chemical manufacturer headquartered in China’s Jiangsu Province. The company focuses on the research, development, production and sale of fine chemicals, with a primary emphasis on amino acids and their derivatives.
Adlai Nortye’s product portfolio includes betaine compounds, a range of high-purity L-amino acids such as L-methionine, L-threonine and glycine, as well as various chemical intermediates. These offerings serve multiple end markets, including animal feed and nutrition, personal care and cosmetic formulations, pharmaceutical ingredients and industrial chemical processes.
The company operates multiple production facilities alongside an in-house research and development center dedicated to process innovation and quality control.
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