Positive Press Coverage Somewhat Unlikely to Affect Biostar Pharmaceuticals (BSPM) Share Price

News articles about Biostar Pharmaceuticals (NASDAQ:BSPM) have been trending positive on Sunday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Biostar Pharmaceuticals earned a coverage optimism score of 0.45 on Accern’s scale. Accern also assigned headlines about the company an impact score of 44.3246008902332 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of Biostar Pharmaceuticals (NASDAQ:BSPM) traded up 4.83% during mid-day trading on Friday, reaching $1.52. The company’s stock had a trading volume of 56,522 shares. Biostar Pharmaceuticals has a 52-week low of $1.18 and a 52-week high of $7.06. The firm’s 50 day moving average is $1.37 and its 200-day moving average is $1.60. The company’s market capitalization is $4.05 million.

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About Biostar Pharmaceuticals

Biostar Pharmaceuticals, Inc (Biostar) is a holding company. The Company, through its 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 various diseases and conditions in the People’s Republic of China (PRC or China).

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