Shares of Zhengye Biotechnology Holding Limited (NASDAQ:ZYBT - Get Free Report) shot up 5.3% during mid-day trading on Tuesday . The stock traded as high as $8.96 and last traded at $8.42. 44,872 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 145,402 shares. The stock had previously closed at $8.00.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Zhengye Biotechnology to a "hold" rating in a report on Saturday, August 2nd.
Get Our Latest Report on Zhengye Biotechnology
Zhengye Biotechnology Stock Up 5.5%
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 company has a 50 day moving average of $6.59 and a 200 day moving average of $6.79.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new position in shares of Zhengye Biotechnology during the 2nd quarter worth about $174,000. Invesco Ltd. acquired a new position in shares of Zhengye Biotechnology during the 2nd quarter worth about $220,000. Finally, Jane Street Group LLC acquired a new position in shares of Zhengye Biotechnology during the 2nd quarter worth about $1,158,000.
About Zhengye Biotechnology
(
Get Free Report)
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.
Further Reading
Before you consider Zhengye Biotechnology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zhengye Biotechnology wasn't on the list.
While Zhengye Biotechnology currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.