BeyondSpring (NASDAQ:BYSI) Stock Price Up 4.5% – Time to Buy?

BeyondSpring Inc. (NASDAQ:BYSIGet Free Report) shares were up 4.5% on Tuesday . The stock traded as high as $1.90 and last traded at $1.85. Approximately 13,494 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 87,537 shares. The stock had previously closed at $1.77.

BeyondSpring Price Performance

The firm has a 50-day moving average price of $2.13 and a two-hundred day moving average price of $2.23.

Institutional Investors Weigh In On BeyondSpring

A hedge fund recently bought a new stake in BeyondSpring stock. SG Americas Securities LLC acquired a new stake in BeyondSpring Inc. (NASDAQ:BYSIFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,539 shares of the company’s stock, valued at approximately $63,000. Hedge funds and other institutional investors own 40.29% of the company’s stock.

About BeyondSpring

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BeyondSpring Inc, a clinical stage biopharmaceutical company, together with its subsidiaries, focuses on the development of cancer therapies. The company's lead asset is the Plinabulin, a selective immunomodulating microtubule-binding agent that has completed Phase III clinical trials for treatment of non-small cell lung cancer (NSCLC); and as an anti-cancer agent, as well as for the prevention of chemotherapy-induced neutropenia.

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