Rafael (NYSE:RFL) Trading 9.4% Higher

Shares of Rafael Holdings, Inc. (NYSE:RFL) traded up 9.4% during mid-day trading on Wednesday . The company traded as high as $1.57 and last traded at $1.51. 103,086 shares changed hands during trading, an increase of 324% from the average session volume of 24,308 shares. The stock had previously closed at $1.38.

Rafael Trading Up 9.4 %

The company has a market capitalization of $37.10 million, a PE ratio of -1.26 and a beta of 1.04. The firm’s 50-day simple moving average is $1.50 and its 200-day simple moving average is $1.67.

Rafael (NYSE:RFL) last released its quarterly earnings data on Friday, June 14th. The company reported ($1.36) EPS for the quarter. Rafael had a negative return on equity of 36.57% and a negative net margin of 5,329.44%. The firm had revenue of $0.34 million for the quarter.

Hedge Funds Weigh In On Rafael

An institutional investor recently bought a new position in Rafael stock. Marquette Asset Management LLC purchased a new stake in Rafael Holdings, Inc. (NYSE:RFL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,256 shares of the company’s stock, valued at approximately $85,000. Marquette Asset Management LLC owned about 0.20% of Rafael as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 11.30% of the company’s stock.

About Rafael

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.