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Ascentage Pharma Group International (NASDAQ:AAPG) Stock Price Down 4.5% - Here's What Happened

Ascentage Pharma Group International logo with Medical background

Key Points

  • Ascentage Pharma Group International (NASDAQ:AAPG) experienced a 4.5% decline in stock price, trading at $38.63, down from a previous close of $40.46.
  • In the second quarter, several hedge funds, including Chevy Chase Trust Holdings LLC and Hsbc Holdings PLC, made new investments in the company.
  • The company focuses on developing therapies for cancers, hepatitis B virus, and age-related diseases, and is classified as a clinical-stage biotechnology firm.
  • Five stocks we like better than Ascentage Pharma Group International.

Ascentage Pharma Group International - Unsponsored ADR (NASDAQ:AAPG - Get Free Report)'s stock price fell 4.5% on Monday . The company traded as low as $38.63 and last traded at $38.63. 10,974 shares were traded during mid-day trading, a decline of 3% from the average session volume of 11,279 shares. The stock had previously closed at $40.46.

Ascentage Pharma Group International Stock Down 1.3%

The firm's 50 day moving average is $40.83 and its 200 day moving average is $31.26. The company has a current ratio of 1.54, a quick ratio of 1.53 and a debt-to-equity ratio of 1.31.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Chevy Chase Trust Holdings LLC acquired a new position in shares of Ascentage Pharma Group International during the 2nd quarter worth $227,000. Hsbc Holdings PLC acquired a new position in shares of Ascentage Pharma Group International during the 2nd quarter worth $391,000. Tema Etfs LLC acquired a new position in shares of Ascentage Pharma Group International during the 2nd quarter worth $610,000. Finally, Monashee Investment Management LLC bought a new stake in shares of Ascentage Pharma Group International during the 1st quarter worth $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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