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Ascentage Pharma Group International (NASDAQ:AAPG) Trading Down 5.7% - What's Next?

Ascentage Pharma Group International logo with Medical background

Key Points

  • Ascentage Pharma Group International (NASDAQ:AAPG) shares fell 5.7% on Monday, trading down to approximately $45.16 from a prior close of $47.90.
  • The stock experienced a significant decline in trading volume, with about 4,014 shares changing hands, representing a 90% drop from the average daily volume of 40,053 shares.
  • Institutional investors have recently shown interest in Ascentage, with several firms acquiring new positions totaling over $5 million during the second quarter.
  • 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.

Ascentage Pharma Group International - Unsponsored ADR (NASDAQ:AAPG - Get Free Report) shares dropped 5.7% on Monday . The stock traded as low as $44.23 and last traded at $45.16. Approximately 4,014 shares traded hands during trading, a decline of 90% from the average daily volume of 40,053 shares. The stock had previously closed at $47.90.

Ascentage Pharma Group International Price Performance

The stock's fifty day simple moving average is $40.17 and its 200-day simple moving average is $28.49. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.54 and a quick ratio of 1.53.

Institutional Trading of Ascentage Pharma Group International

A number of institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in Ascentage Pharma Group International during the second quarter worth about $391,000. Tema Etfs LLC purchased a new position in shares of Ascentage Pharma Group International during the 2nd quarter worth approximately $610,000. Chevy Chase Trust Holdings LLC acquired a new position in shares of Ascentage Pharma Group International during the 2nd quarter worth approximately $227,000. Finally, Monashee Investment Management LLC purchased a new stake in Ascentage Pharma Group International in the 1st quarter valued at approximately $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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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