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News Recap: China SXT Pharmaceuticals (NASDAQ:SXTC)

China SXT Pharmaceuticals (NASDAQ:SXTC) stock identified change of -5.25% away from 52-week low price and recently located move of -94.34% off 52-week high price. It has market worth of $16.96M. SXTC stock has been recorded -43.22% away from 50 day moving average and -69.86% away from 200 day moving average. Moving closer, we can see that shares have been trading -41.33% off 20-day moving average.

On March 16, 2020, China SXT Pharmaceuticals (NASDAQ:SXTC) a specialty pharmaceutical company focusing on the research, development, manufacturing, marketing, and sales of Traditional Chinese Medicine Pieces (TCMPs), including Advanced TCMPs (Directly-Oral TCMP and After-Soaking-Oral TCMP), fine TCMPs, regular TCMPs, and TCM Homologous Supplements (TCMHS) announced  that a fund granted to the Company for the key techniques incorporated into advanced Directly-Oral TCMPs derived from agriculture has been approved on February 19, 2020, by the Hailing District Science and Technology Bureau of Taizhou city.

The grant is founded by the Scientific and Technologic Development Program of Hailing District and supported by the Hailing District government. Our project is about the development of the key technologies used in medical herb planting pre-processing of raw materials for Directly-Oral TCMP products. The Company will develop a one-stop system from medical herb planting to the finished products of TCMPs, which enables the Company to track and ensure products’ qualities. The Company is expected to further its lead on research and development of specialized Advanced TCMPs and receive additional benefits when marketing its new Advanced TCMP products in the future.

 The Healthcare sector company, China SXT Pharmaceuticals noticed change of -11.45% to $0.52 along volume of 688981 shares in recent session compared to an average volume of 1.88M. The stock observed return of -49.22% in 5 days trading activity. The stock was at -41.69% over one month performance. SXTC’s shares are at -37.57% for the quarter and driving a -91.70% return over the course of the past year and is now at -36.22% since this point in 2018. 

 The average volatility for the week at 25.34% and for month was at 17.24%. There are 32.43M shares outstanding and 13.53M shares are floated in market.

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