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Ascentage Pharma Group International (NASDAQ:AAPG) Hits New 1-Year High - Should You Buy?

Ascentage Pharma Group International logo with Medical background

Shares of Ascentage Pharma Group International - Unsponsored ADR (NASDAQ:AAPG - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $39.18 and last traded at $39.13, with a volume of 3433 shares trading hands. The stock had previously closed at $37.15.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. started coverage on Ascentage Pharma Group International in a research report on Thursday, March 27th. They issued an "overweight" rating for the company.

Get Our Latest Report on Ascentage Pharma Group International

Ascentage Pharma Group International Trading Up 7.3%

The business has a 50-day moving average price of $26.19. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.26 and a current ratio of 1.26.

Hedge Funds Weigh In On Ascentage Pharma Group International

A hedge fund recently bought a new stake in Ascentage Pharma Group International stock. Monashee Investment Management LLC purchased a new stake in Ascentage Pharma Group International - Unsponsored ADR (NASDAQ:AAPG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 159,942 shares of the company's stock, valued at approximately $3,511,000. Monashee Investment Management LLC owned 0.18% of Ascentage Pharma Group International as of its most recent SEC filing.

About Ascentage Pharma Group International

(Get Free Report)

Ascentage Pharma Group International Co, Ltd. is a clinical-stage biotechnology company. It engages in the development of novel therapies for cancers, hepatitis B virus, or HBV, and age-related diseases. The company was founded by Da Jun Yang, Wang Shao Meng and Ming Guo in May 2009 and is headquartered in Suzhou, China.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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