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Ascentage Pharma Group International (NASDAQ:AAPG) Reaches New 52-Week High - What's Next?

Ascentage Pharma Group International logo with Medical background

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

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. began coverage on shares of Ascentage Pharma Group International in a report on Thursday, March 27th. They issued an "overweight" rating on the stock.

Get Our Latest Stock Analysis on AAPG

Ascentage Pharma Group International Trading Up 13.4%

The company's 50-day simple moving average is $25.48. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 3.24.

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 position in Ascentage Pharma Group International - Unsponsored ADR (NASDAQ:AAPG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

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.

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