Rafael (NYSE:RFL) Shares Up 0.8% – Still a Buy?

Rafael Holdings, Inc. (NYSE:RFL) was up 0.8% during mid-day trading on Wednesday . The stock traded as high as $1.25 and last traded at $1.24. Approximately 70,480 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 94,541 shares. The stock had previously closed at $1.23.

Analyst Ratings Changes

RFL has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rafael in a report on Tuesday. Wall Street Zen cut shares of Rafael from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Rafael Stock Up 0.8%

The business’s fifty day moving average is $1.31 and its two-hundred day moving average is $1.56. The stock has a market capitalization of $64.19 million, a PE ratio of -1.20 and a beta of 0.69.

Rafael (NYSE:RFL) last posted its quarterly earnings data on Wednesday, October 29th. The company reported ($0.28) earnings per share for the quarter. Rafael had a negative net margin of 3,328.24% and a negative return on equity of 33.01%. The firm had revenue of $0.89 million for the quarter.

Hedge Funds Weigh In On Rafael

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Simplex Trading LLC purchased a new position in shares of Rafael in the second quarter worth about $32,000. Marshall Wace LLP purchased a new stake in shares of Rafael during the second quarter worth $50,000. Americana Partners LLC purchased a new position in Rafael in the second quarter worth approximately $76,000. Citadel Advisors LLC increased its holdings in shares of Rafael by 132.3% in the 3rd quarter. Citadel Advisors LLC now owns 72,584 shares of the company’s stock valued at $99,000 after acquiring an additional 41,335 shares during the last quarter. Finally, Cable Car Capital LP acquired a new stake in Rafael during the 2nd quarter worth $173,000. 11.30% of the stock is currently owned by institutional investors.

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.