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

Rafael Holdings, Inc. (NYSE:RFL) shot up 3.9% during trading on Tuesday . The stock traded as high as $2.12 and last traded at $2.11. 57,167 shares were traded 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 3.9 %

The business has a fifty day simple moving average of $1.59 and a two-hundred day simple moving average of $1.58. The company has a market cap of $51.84 million, a PE ratio of -1.76 and a beta of 1.07.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rafael stock. Old West Investment Management LLC boosted its holdings in shares of Rafael Holdings, Inc. (NYSE:RFL) by 102.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,732 shares of the company’s stock after acquiring an additional 51,365 shares during the quarter. Old West Investment Management LLC owned about 0.41% of Rafael worth $146,000 at the end of the most recent quarter. Institutional investors and hedge funds own 11.30% of the company’s stock.

Rafael Company Profile

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.