Adlai Nortye (NASDAQ:ANL) Sets New 1-Year High – Still a Buy?
by Doug Wharley · The Cerbat GemAdlai Nortye Ltd. Sponsored ADR (NASDAQ:ANL – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.04 and last traded at $16.5090, with a volume of 366423 shares traded. The stock had previously closed at $16.01.
Analyst Upgrades and Downgrades
ANL has been the topic of several research reports. Leerink Partners initiated coverage on shares of Adlai Nortye in a research report on Friday, March 20th. They set an “outperform” rating and a $23.00 price target on the stock. HC Wainwright increased their price target on shares of Adlai Nortye from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday. Wall Street Zen raised shares of Adlai Nortye to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Adlai Nortye in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.50.
Read Our Latest Stock Analysis on Adlai Nortye
Adlai Nortye Stock Up 2.8%
The company’s fifty day moving average is $9.29 and its two-hundred day moving average is $4.70.
Adlai Nortye Company Profile
Adlai Nortye Inc (NASDAQ: ANL) is a specialty chemical manufacturer headquartered in China’s Jiangsu Province. The company focuses on the research, development, production and sale of fine chemicals, with a primary emphasis on amino acids and their derivatives.
Adlai Nortye’s product portfolio includes betaine compounds, a range of high-purity L-amino acids such as L-methionine, L-threonine and glycine, as well as various chemical intermediates. These offerings serve multiple end markets, including animal feed and nutrition, personal care and cosmetic formulations, pharmaceutical ingredients and industrial chemical processes.
The company operates multiple production facilities alongside an in-house research and development center dedicated to process innovation and quality control.