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Ascentage Pharma Group International (NASDAQ:AAPG) Shares Gap Up - Time to Buy?

Ascentage Pharma Group International logo with Medical background

Key Points

  • Ascentage Pharma Group International shares gapped up prior to trading, opening at $44.00 after a previous close of $41.13, with a trading volume of 496 shares.
  • Key financial ratios include a quick ratio of 1.53 and a current ratio of 1.54, indicating a solid liquidity position for the company.
  • Multiple institutional investors have recently acquired stakes in Ascentage, including Monashee Investment Management LLC, which invested approximately $3.5 million in the first quarter.
  • Five stocks we like better than Ascentage Pharma Group International.

Shares of Ascentage Pharma Group International - Unsponsored ADR (NASDAQ:AAPG - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $41.13, but opened at $44.00. Ascentage Pharma Group International shares last traded at $44.00, with a volume of 496 shares.

Ascentage Pharma Group International Price Performance

The company has a 50 day moving average price of $41.04 and a two-hundred day moving average price of $29.44. The company has a quick ratio of 1.53, a current ratio of 1.54 and a debt-to-equity ratio of 1.31.

Institutional Trading of Ascentage Pharma Group International

Several large investors have recently modified their holdings of AAPG. Chevy Chase Trust Holdings LLC bought a new stake in shares of Ascentage Pharma Group International in the second quarter worth $227,000. Hsbc Holdings PLC bought a new stake in shares of Ascentage Pharma Group International in the second quarter worth $391,000. Tema Etfs LLC bought a new stake in shares of Ascentage Pharma Group International in the second quarter worth $610,000. Finally, Monashee Investment Management LLC bought a new stake in Ascentage Pharma Group International during the first quarter valued at about $3,511,000.

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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