Rafael (NYSE:RFL) Shares Up 3.9% – Here’s What Happened

by · The Cerbat Gem

Shares of Rafael Holdings, Inc. (NYSE:RFL – Get Free Report) shot up 3.9% on Tuesday . The stock traded as high as $2.12 and last traded at $2.11. 57,167 shares changed hands during mid-day trading, an increase of 122% from the average session volume of 25,723 shares. The stock had previously closed at $2.03.

Rafael Trading Up 6.1 %

The firm’s 50 day moving average is $1.61 and its two-hundred day moving average is $1.59. The stock has a market cap of $55.77 million, a price-to-earnings ratio of -1.89 and a beta of 1.07.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rafael stock. Marquette Asset Management LLC purchased a new stake in Rafael Holdings, Inc. (NYSE:RFL – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 49,256 shares of the company’s stock, valued at approximately $85,000. Marquette Asset Management LLC owned 0.20% of Rafael at the end of the most recent reporting period. Institutional investors own 11.30% of the company’s stock.

About Rafael

(Get Free Report)

Rafael Holdings, Inc primarily engages in holding interests in clinical and early-stage pharmaceutical companies, and commercial real estate assets in the United States and Israel. It operates in two segments, Healthcare and Real Estate. The company engages in the development and commercialization of therapies that exploit the metabolic differences between normal cells and cancer cells.

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