BOQI International Medical Inc. (NASDAQ:BIMI) stock identified change of 152.43% away from 52-week low price and recently located move of -78.33% off 52-week high price. It has market worth of $28.73M. BIMI stock has been recorded -23.19% away from 50 day moving average and -12.30% away from 200 day moving average. Moving closer, we can see that shares have been trading -25.67% off 20-day moving average.
On March 20, 2020, BOQI International Medical Inc. (NASDAQ:BIMI) released that its wholly-owned subsidiary, Chongqing Guanzan Technology Co., Ltd. (Chongqing Guanzan), has entered into a $19 million medical device purchase agreement with Shandong Forward Medical Group Co., Ltd. (Shandong Forward Medical).
Under the terms of the agreement, Shandong Forward Medical agreed to purchase 90,000 medical isolation gowns, 100,000 disposable protective coveralls, 18 Philips CT machines, 500 noninvasive ventilators, 15 digital radiography systems and 55 digital laryngoscopes (the Medical Devices) from Chongqing Guanzan. The aggregate purchase price to be paid is RMB 137,885,000 (estimated at $19,648,735). Chongqing Guanzan shall follow the shipping instructions provided by Shandong Forward Medical and deliver the Medical Devices after the payment is made.
Supporting the well-being of our customers and removing barriers to care are among our key areas of focus as we stem the spread of COVID-19, said Mr. Tiewei Song, Chief Executive Officer and President of BOQI International Medical Inc. As a health care company, we must do our part to help reduce the secondary risks such as shortage of medical devices. We are committed to working closely with our suppliers and logistics partners to ensure the quality and delivery of our products.
The Industrial Goods sector company, BOQI International Medical Inc. noticed change of 5.26% to $2.6 along volume of 638389 shares in recent session compared to an average volume of 894.39K. The stock observed return of 4.00% in 5 days trading activity. The stock was at -23.75% over one month performance. BIMI’s shares are at -18.24% for the quarter and driving a -60.06% return over the course of the past year and is now at -18.50% since this point in 2018.
The average volatility for the week at 28.73% and for month was at 21.66%. There are 11.05M shares outstanding and 3.00M shares are floated in market. Right now the stock beta is -0.09.