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Investment analysts at Aegis began coverage on shares of NephroGenex (NYSE:NRX) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

Shares of NephroGenex (NYSE:NRX) opened at 5.77 on Tuesday. NephroGenex has a 1-year low of $5.00 and a 1-year high of $13.00. The stock’s 50-day moving average is $6.12 and its 200-day moving average is $7.9. The company’s market cap is $49.4 million.

NephroGenex (NYSE:NRX) last announced its earnings results on Wednesday, May 14th. The company reported ($0.37) earnings per share for the quarter.

NephroGenex, Inc is a United States-based drug development company focusing on novel therapies for kidney disease.

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