CSPC Pharmaceutical Group Ltd (CHPTY) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of CSPC Pharmaceutical Group Ltd (NASDAQ:CHPTY) from a buy rating to a hold rating in a report published 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) remained flat at $73.27 during mid-day trading on Tuesday. The company’s 50 day moving average price is $73.27 and its 200-day moving average price is $66.46. The company has a market cap of $8.87 billion and a P/E ratio of 31.18. CSPC Pharmaceutical Group has a one year low of $46.48 and a one year high of $73.36.

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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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