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Ascentage Pharma Group International (NASDAQ:AAPG) Shares Gap Up - Here's What Happened

Ascentage Pharma Group International logo with Medical background

Ascentage Pharma Group International - Unsponsored ADR (NASDAQ:AAPG - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $36.20, but opened at $38.22. Ascentage Pharma Group International shares last traded at $37.05, with a volume of 4,017 shares.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on Ascentage Pharma Group International

Ascentage Pharma Group International Trading Up 1.9%

The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 3.24. The business has a fifty day moving average of $32.24.

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 bought a new stake in Ascentage Pharma Group International - Unsponsored ADR (NASDAQ:AAPG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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 at the end of the most recent reporting period.

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.

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