Zhengye Biotechnology Holding Limited (NASDAQ:ZYBT - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $9.82, but opened at $9.49. Zhengye Biotechnology shares last traded at $10.76, with a volume of 54,010 shares.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Zhengye Biotechnology to a "hold" rating in a research note on Saturday, August 2nd.
View Our Latest Analysis on ZYBT
Zhengye Biotechnology Stock Up 14.7%
The company's 50 day moving average price is $7.11 and its 200-day moving average price is $7.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.88 and a current ratio of 1.31.
Institutional Investors Weigh In On Zhengye Biotechnology
Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC purchased a new stake in shares of Zhengye Biotechnology during the 2nd quarter valued at approximately $174,000. Invesco Ltd. purchased a new stake in shares of Zhengye Biotechnology during the 2nd quarter valued at approximately $220,000. Finally, Jane Street Group LLC purchased a new stake in shares of Zhengye Biotechnology during the 2nd quarter valued at approximately $1,158,000.
Zhengye Biotechnology Company Profile
(
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Zhengye Biotechnology Holding Limited is a veterinary vaccine manufacturer which encompasses research, development, manufacturing and sales of veterinary vaccines, with a focus on livestock vaccine principally in China. Zhengye Biotechnology Holding Limited is based in Jilin, China.
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