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Ascentage Pharma Group International (NASDAQ:AAPG) Reaches New 1-Year High - Here's What Happened

Ascentage Pharma Group International logo with Medical background

Shares of Ascentage Pharma Group International (NASDAQ:AAPG - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $32.15 and last traded at $32.13, with a volume of 2495 shares trading hands. The stock had previously closed at $31.51.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. initiated coverage on Ascentage Pharma Group International in a research note on Thursday, March 27th. They set an "overweight" rating on the stock.

Check Out Our Latest Stock Analysis on Ascentage Pharma Group International

Ascentage Pharma Group International Price Performance

The stock has a 50-day moving average price of $24.27.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ascentage Pharma Group International stock. Monashee Investment Management LLC purchased a new stake in shares of Ascentage Pharma Group International (NASDAQ:AAPG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 159,942 shares of the company's stock, valued at approximately $3,511,000. Monashee Investment Management LLC owned about 0.18% of Ascentage Pharma Group International as of its most recent SEC filing.

Ascentage Pharma Group International Company Profile

(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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