Biostar Pharmaceuticals Inc (NASDAQ:BSPM) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

Shares of Biostar Pharmaceuticals (NASDAQ BSPM) traded down 4.62% on Friday, reaching $1.65. 4,714 shares of the company’s stock were exchanged. The firm’s market cap is $4.39 million. The company has a 50 day moving average price of $1.70 and a 200 day moving average price of $2.47. Biostar Pharmaceuticals has a one year low of $1.57 and a one year high of $7.06.

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Biostar Pharmaceuticals Company Profile

Biostar Pharmaceuticals, Inc (Biostar) is a holding company. The Company, through its subsidiary, Shaanxi Biostar Biotech, Ltd. (Shaanxi Biostar), and its variable interest entities (VIEs), Shaanxi Aoxing Pharmaceutical Co, Ltd. (Aoxing Pharmaceutical) and Shaanxi Weinan Huaren Pharmaceuticals Ltd. (Shaanxi Weinan), develops, manufactures and markets pharmaceutical products for various diseases and conditions in the People’s Republic of China (PRC or China).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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