Rafael (NYSE:RFL) Shares Down 1.6% – Time to Sell?

Rafael Holdings, Inc. (NYSE:RFL)’s share price fell 1.6% during mid-day trading on Wednesday . The stock traded as low as $1.77 and last traded at $1.86. 13,690 shares changed hands during trading, a decline of 52% from the average session volume of 28,347 shares. The stock had previously closed at $1.89.

Rafael Price Performance

The company has a market capitalization of $45.89 million, a price-to-earnings ratio of -1.28 and a beta of 1.08. The firm’s fifty day moving average price is $1.93 and its 200-day moving average price is $1.64.

Hedge Funds Weigh In On Rafael

An institutional investor recently raised its position in Rafael stock. Geode Capital Management LLC lifted its stake in shares of Rafael Holdings, Inc. (NYSE:RFL) by 24.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,068 shares of the company’s stock after acquiring an additional 29,448 shares during the quarter. Geode Capital Management LLC owned approximately 0.60% of Rafael worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors 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.