Zacks Investment Research Upgrades CSPC Pharmaceutical Group Ltd (CHPTY) to Hold
CSPC Pharmaceutical Group Ltd (NASDAQ:CHPTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
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. “
Shares of CSPC Pharmaceutical Group (NASDAQ CHPTY) remained flat at $73.27 during trading on Thursday. The company has a market capitalization of $8.87 billion and a PE ratio of 29.31. The firm has a 50 day moving average of $73.27 and a 200-day moving average of $67.98. CSPC Pharmaceutical Group has a 12 month low of $48.25 and a 12 month high of $73.36.
About CSPC Pharmaceutical Group
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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