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Ascentage Pharma Group International (NASDAQ:AAPG) Trading 1.7% Higher - Here's What Happened

Ascentage Pharma Group International logo with Medical background

Key Points

  • Ascentage Pharma Group International shares increased by 1.7% to $47.20, with trading volume surpassing the average by 106%.
  • Recent investments by several institutional investors have bolstered the company's positions, including significant new deals from Monashee Investment Management and others.
  • Ascentage is a clinical-stage biotechnology company focused on developing novel therapies for cancer, hepatitis B, and age-related diseases, headquartered in Suzhou, China.
  • Looking to export and analyze Ascentage Pharma Group International data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Ascentage Pharma Group International - Unsponsored ADR (NASDAQ:AAPG - Get Free Report) rose 1.7% on Wednesday . The company traded as high as $47.20 and last traded at $47.20. Approximately 15,299 shares were traded during trading, an increase of 106% from the average daily volume of 7,422 shares. The stock had previously closed at $46.40.

Ascentage Pharma Group International Stock Up 0.4%

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 stock has a fifty day simple moving average of $40.17 and a two-hundred day simple moving average of $28.49.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AAPG. Chevy Chase Trust Holdings LLC purchased a new position in Ascentage Pharma Group International during the 2nd quarter valued at about $227,000. Hsbc Holdings PLC purchased a new position in Ascentage Pharma Group International during the 2nd quarter valued at about $391,000. Tema Etfs LLC purchased a new position in Ascentage Pharma Group International during the 2nd quarter valued at about $610,000. Finally, Monashee Investment Management LLC purchased a new position in Ascentage Pharma Group International during the 1st 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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