Sinopharm Group Co. Ltd. (OTCMKTS:SHTDF – Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.53 and traded as high as $2.60. Sinopharm Group shares last traded at $2.4750, with a volume of 600 shares.
Sinopharm Group Trading Down 4.8%
The company’s fifty day simple moving average is $2.53 and its 200-day simple moving average is $2.39.
About Sinopharm Group
Sinopharm Group Co, Ltd is one of China’s largest state-owned integrated healthcare companies, primarily focused on the research, development, production and distribution of a broad range of pharmaceutical and healthcare products. Established in 1998 through the reorganization of assets under China National Pharmaceutical Group (Sinopharm), the company has grown to encompass multiple business segments, including prescription medicines, over-the-counter drugs, vaccines and medical devices. Sinopharm Group is listed on the Hong Kong Stock Exchange and trades in the United States through its OTCMKTS ticker SHTDF.
The company’s product portfolio spans chemically synthesized drugs, biologics and traditional Chinese medicine formulations, supported by an extensive nationwide manufacturing and quality-control network.
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