HUTCHMED (LON:HCM) Stock Price Up 16.4% – Here’s What Happened

HUTCHMED (China) Limited (LON:HCM)’s stock price rose 16.4% on Thursday . The stock traded as high as GBX 212 and last traded at GBX 209. 497,827 shares traded hands during trading, an increase of 1,204% from the average session volume of 38,169 shares. The stock had previously closed at GBX 179.50.

HUTCHMED Stock Performance

The company has a debt-to-equity ratio of 7.91, a current ratio of 4.96 and a quick ratio of 2.97. The business has a 50-day moving average of GBX 175.49 and a 200-day moving average of GBX 189.79. The company has a market capitalization of £1.82 billion, a P/E ratio of 104.50 and a beta of 0.43.

HUTCHMED Company Profile

We are among the first global-focused novel drug discovery companies in China. Over the past two decades, we have established a fully integrated R&D platform with world-class discovery and development capabilities. Since inception, we have focused on bringing cancer drug candidates from in-house discovery to patients around the world, with our first three oncology medicines now approved marketed in China, the first of which is also marketed in the U.S.

We have also developed a profitable commercial platform with deep pan-China market access, which manufactures, markets and distributes our novel oncology products, as well as prescription drugs and consumer health products in China.

HUTCHMED is listed on the Nasdaq Global Select Market, the Stock Exchange of Hong Kong Limited and the London Stock Exchange’s AIM market (Nasdaq/AIM:HCM; HKEX:13).