China SXT Pharmaceuticals Inc (NASDAQ:SXTC)’s share price shot up 7.8% on Thursday . The stock traded as high as $0.27 and last traded at $0.26. 941,382 shares traded hands during trading, a decline of 74% from the average session volume of 3,654,093 shares. The stock had previously closed at $0.24.
The company has a fifty day moving average price of $0.29 and a two-hundred day moving average price of $0.42.
A hedge fund recently raised its stake in China SXT Pharmaceuticals stock. Hudson Bay Capital Management LP raised its stake in China SXT Pharmaceuticals Inc (NASDAQ:SXTC) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,200,766 shares of the company’s stock after buying an additional 51,579 shares during the period. Hudson Bay Capital Management LP owned approximately 6.35% of China SXT Pharmaceuticals worth $1,160,000 at the end of the most recent reporting period. Institutional investors own 12.68% of the company’s stock.
China SXT Pharmaceuticals, Inc, a pharmaceutical company, engages in the research, development, manufacture, marketing, and sale of traditional Chinese medicine tablets in China. It provides oral prescription drugs and supplements under the Suxuantang, Hui Chun Tang, and Tong Ren Tang brands. The company offers its products to pharmaceutical distributors, pharmaceutical companies, pharmacies, and hospitals through sales representatives.
Read More: What is the strike price in options trading?
Receive News & Ratings for China SXT Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China SXT Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.