HUTCHMED (China) Limited (NASDAQ:HCM - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $14.22, but opened at $15.07. HUTCHMED shares last traded at $15.15, with a volume of 56,261 shares.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of HUTCHMED from a "hold" rating to a "buy" rating in a report on Friday, March 21st.
Check Out Our Latest Stock Report on HUTCHMED
HUTCHMED Trading Down 2.2 %
The company has a quick ratio of 2.68, a current ratio of 2.81 and a debt-to-equity ratio of 0.07. The company has a 50 day simple moving average of $14.76 and a 200-day simple moving average of $16.42.
Institutional Investors Weigh In On HUTCHMED
A number of large investors have recently bought and sold shares of HCM. Jane Street Group LLC grew its stake in shares of HUTCHMED by 362.2% in the 3rd quarter. Jane Street Group LLC now owns 62,997 shares of the company's stock valued at $1,305,000 after buying an additional 49,366 shares during the period. XY Capital Ltd acquired a new stake in HUTCHMED in the fourth quarter valued at approximately $673,000. ABC Arbitrage SA bought a new stake in shares of HUTCHMED during the fourth quarter valued at approximately $500,000. Renaissance Technologies LLC raised its position in shares of HUTCHMED by 18.4% during the fourth quarter. Renaissance Technologies LLC now owns 188,539 shares of the company's stock worth $2,717,000 after purchasing an additional 29,239 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of HUTCHMED in the 3rd quarter worth $421,000. 8.82% of the stock is currently owned by institutional investors and hedge funds.
About HUTCHMED
(
Get Free Report)
HUTCHMED (China) Ltd. is a holding company, which engages in the research and development, manufacture, and sale of pharmaceuticals and health-oriented consumer products. It operates through the Oncology/Immunology and Other Ventures segments. The Oncology/Immunology segment includes the discovery, development, and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases.
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