Zhengye Biotechnology Holding Limited (NASDAQ:ZYBT - Get Free Report) shares rose 17.1% on Monday . The company traded as high as $10.91 and last traded at $10.91. Approximately 169,438 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 310,313 shares. The stock had previously closed at $9.32.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Zhengye Biotechnology to a "hold" rating in a research note on Saturday, August 2nd.
Get Our Latest Analysis on Zhengye Biotechnology
Zhengye Biotechnology Trading Down 0.8%
The company has a current ratio of 1.31, a quick ratio of 0.88 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $7.36 and a two-hundred day simple moving average of $7.18.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of Zhengye Biotechnology in the second quarter worth $1,158,000. Invesco Ltd. bought a new position in shares of Zhengye Biotechnology in the second quarter worth $220,000. Finally, Geode Capital Management LLC bought a new position in shares of Zhengye Biotechnology in the second quarter worth $174,000.
About Zhengye Biotechnology
(
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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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