HUTCHMED (LON:HCM) Stock Price Up 10.3% – Here’s What Happened

HUTCHMED (China) Limited (LON:HCM) was up 10.3% during trading on Tuesday . The company traded as high as GBX 261 ($3.42) and last traded at GBX 256 ($3.35). Approximately 155,774 shares traded hands during mid-day trading, an increase of 227% from the average daily volume of 47,601 shares. The stock had previously closed at GBX 232 ($3.04).

HUTCHMED Stock Performance

The stock has a market cap of £2.56 billion, a price-to-earnings ratio of -60.23 and a beta of 0.76. The company has a quick ratio of 2.97, a current ratio of 2.81 and a debt-to-equity ratio of 11.97. The company’s 50-day simple moving average is GBX 234.54 and its 200-day simple moving average is GBX 257.56.

About HUTCHMED

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).