Hutchison China MediTech Limited (HCM) Reaches New 52-Week High at $4,375.00
Hutchison China MediTech Limited (LON:HCM)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 4,375 ($58.03) and last traded at GBX 4,375 ($58.03), with a volume of 59,532 shares changing hands. The stock had previously closed at GBX 4,017.50 ($53.29).
Several equities analysts have recently issued reports on HCM shares. Beaufort Securities reiterated a “buy” rating on shares of Hutchison China MediTech Limited in a research note on Tuesday, June 13th. Panmure Gordon reiterated a “buy” rating and issued a GBX 3,530 ($46.82) price target on shares of Hutchison China MediTech Limited in a research note on Thursday, June 22nd.
The firm’s market cap is GBX 2.69 billion. The stock’s 50-day moving average is GBX 3,797.85 and its 200 day moving average is GBX 5,992.65.
In other news, insider Karen Jean Ferrante purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average price of GBX 3,475 ($46.09) per share, with a total value of £347,500 ($460,936.46).
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Hutchison China MediTech Limited Company Profile
Hutchison China MediTech Limited (Chi-Med) is a China-based, globally-focused healthcare group. The Company researches, develops, manufactures and sells pharmaceuticals and health-related consumer products. Its Innovation Platform focuses on discovering and developing therapeutics in oncology and autoimmune diseases for the global market.
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