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Ascentage Pharma Group International (NASDAQ:AAPG) Shares Gap Down - Here's Why

Ascentage Pharma Group International logo with Medical background

Ascentage Pharma Group International - Unsponsored ADR (NASDAQ:AAPG - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $38.24, but opened at $37.05. Ascentage Pharma Group International shares last traded at $36.31, with a volume of 8,478 shares traded.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on Ascentage Pharma Group International

Ascentage Pharma Group International Stock Performance

The stock has a 50 day simple moving average of $31.22. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.24.

Hedge Funds Weigh In On Ascentage Pharma Group International

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 - Unsponsored ADR (NASDAQ:AAPG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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.

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