Benzinga | Oct 19, 2020 11:27AM EDT

Why BOQI International Medical's Stock Is Trading Higher Today

BOQI International Medical (NASDAQ:BIMI) shares are trading higher on Monday after the company reported second-quarter EPS and sales results up from last year.

The company reported quarterly earnings of 46 cents per share. This is a 518.18% increase over losses of 11 cents per share from the same period last year. The company reported $3.79 million in sales this quarter.

BOQI International Medical Inc is a pharmaceutical retailer company. It has more than 300 pharmacy stores across the nation. It generates revenue through pharmaceuticals, medical devices and other products sold to customers.

BOQI International Medical shares traded up 61.34% to $3.13 on Monday. The stock has a 52-week high of $8.20 and a 52-week low of $1.50.