Zacks Investment Research Downgrades CSPC Pharmaceutical Group Ltd (CHPTY) to Hold
CSPC Pharmaceutical Group Ltd (NASDAQ:CHPTY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “CSPC Pharmaceutical Group Limited operates as a pharmaceutical group in China. Its bulk drug products include vitamin C, penicillin G and 7-ACA. The Company is also a major manufacturer of antibiotic finished drugs such as penicillin and cephalosporin products. CSPC Pharmaceutical Group Limited, formerly known as China Pharmaceutical Group Limited, is based in Wan Chai, Hong Kong. “
CSPC Pharmaceutical Group (NASDAQ:CHPTY) traded up 9.24% during midday trading on Tuesday, hitting $80.04. The company had a trading volume of 43 shares. CSPC Pharmaceutical Group has a 52 week low of $51.03 and a 52 week high of $80.04. The firm has a market capitalization of $9.69 billion and a P/E ratio of 32.02. The firm’s 50 day moving average is $79.29 and its 200-day moving average is $72.88.
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CSPC Pharmaceutical Group Company Profile
CSPC Pharmaceutical Group Limited is an investment holding company principally engaged in the manufacture and sales of pharmaceutical products. The Company sells its products under the brand of CSPS. The Company has four business segments: Finished Drugs, Antibiotics (intermediates and bulk drugs), Vitamin C (bulk drugs) and Caffeine and Others (bulk drugs).
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