Zacks Investment Research upgraded shares of CSPC Pharmaceutical Group Ltd (NASDAQ:CHPTY) from a sell rating to a hold rating in a report released 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. “

CSPC Pharmaceutical Group (NASDAQ CHPTY) opened at 73.27 on Thursday. The firm has a market cap of $8.87 billion and a PE ratio of 29.31. CSPC Pharmaceutical Group has a 52-week low of $50.09 and a 52-week high of $73.36. The company’s 50 day moving average price is $73.27 and its 200 day moving average price is $68.09.

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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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