Biostar Pharmaceuticals (NASDAQ:BSPM) has climbed 49.48% in the past week and advanced 343.23% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 51.27% and the outperformance has advanced to 339.19% for the last 4 weeks period.
Biostar Pharmaceuticals (NASDAQ:BSPM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.65 and $5.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.77, notching a gain of 5.48% for the day. The total traded volume was 3,212,170 . The stock had closed at $5.47 on the previous day.
The company shares have dropped -31.88% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $9.03 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $2.02 and the 200 Day Moving Average price is recorded at $2.32.
Currently the company Insiders own 20.3% of Biostar Pharmaceuticals shares according to the proxy statements. Institutional Investors own 4.83% of Biostar Pharmaceuticals shares.
Biostar Pharmaceuticals, Inc. (Biostar) is a holding company. The Company through its wholly owned subsidiary, Shaanxi Biostar Biotech, Ltd. (Shaanxi Biostar) and its variable interest entities (VIEs) Shaanxi Aoxing Pharmaceutical Co., Ltd. (Aoxing Pharmaceutical) and Shaanxi Weinan Huaren Pharmaceuticals Ltd. (Shaanxi Weinan) develops, manufactures and markets pharmaceutical products for a variety of diseases and conditions in the Peoples Republic of China (PRC or China). The Company offers over-the-counter (OTC) products and prescription-based pharmaceuticals. The Company also offers Hernia Belt, a medical device used for the treatment of Hernia. The Companys products are derived from medicinal herbs that are either grown at its own facility or purchased from its suppliers. The Companys products are sold in around 28 provinces in the PRC through a network of around 63 distributors and 226 sales people.