Today Aoxing Pharmaceutical Company Inc (AXN) Stock Reaches 52-Week Low

July 3, 2017 - By Clifton Ray

The stock of Aoxing Pharmaceutical Company Inc (NYSEMKT:AXN) hit a new 52-week low and has $0.29 target or 5.00 % below today’s $0.30 share price. The 8 months bearish chart indicates high risk for the $22.86M company. The 1-year low was reported on Jul, 3 by Barchart.com. If the $0.29 price target is reached, the company will be worth $1.14M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.23% or $0.01 on July 3, reaching $0.3. About 25,065 shares traded. Aoxing Pharmaceutical Company Inc (NYSEMKT:AXN) has declined 40.41% since July 3, 2016 and is downtrending. It has underperformed by 57.11% the S&P500.

More notable recent Aoxing Pharmaceutical Company Inc (NYSEMKT:AXN) news were published by: Thestreet.com which released: “Aoxing Pharmaceutical (AXN) Stock Spikes After Announcing Full Year Net Income” on October 13, 2015, also Thestreet.com with their article: “Aoxing Pharmaceutical (AXN) Stock Plummeting to Reverse Yesterday’s Gains” published on June 10, 2015, Prnewswire.com published: “Aoxing Pharma Appoints Dr. James Chen as Chief Financial Officer” on February 01, 2016. More interesting news about Aoxing Pharmaceutical Company Inc (NYSEMKT:AXN) were released by: Benzinga.com and their article: “Aoxing Pharmaceutical Starts producing Tilidine Hydrochloride Tablets” published on June 30, 2016 as well as Seekingalpha.com‘s news article titled: “Figuring Out Aoxing Pharmaceutical’s Future” with publication date: December 29, 2015.

Aoxing Pharmaceutical Company, Inc. is a specialty pharmaceutical firm specializing in research, development, manufacturing and distribution of a range of narcotic, pain-management and addiction treatment pharmaceutical products. The company has market cap of $22.86 million. The Firm holds approximately 140 drug production certificates covering narcotic pain-management, prescription medicines, over-the-counter and active pharmaceutical ingredient (API) products. It currently has negative earnings.

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