Rafael (NYSE:RFL) Stock Price Down 1.6% – What’s Next?

Rafael Holdings, Inc. (NYSE:RFL) shares dropped 1.6% on Tuesday . The company traded as low as $1.77 and last traded at $1.81. Approximately 11,036 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 28,468 shares. The stock had previously closed at $1.84.

Rafael Stock Up 1.6 %

The firm has a market capitalization of $47.41 million, a PE ratio of -1.62 and a beta of 1.08. The business’s 50-day moving average price is $1.82 and its 200-day moving average price is $1.62.

Hedge Funds Weigh In On Rafael

A hedge fund recently raised its stake in Rafael stock. Old West Investment Management LLC boosted its holdings in shares of Rafael Holdings, Inc. (NYSE:RFL) by 102.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 approximately 0.41% of Rafael worth $146,000 at the end of the most recent reporting period. 11.30% of the stock is currently owned by institutional investors.

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.