Rafael (NYSE:RFL) Stock Price Down 1.6% – Here’s Why

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

Rafael Stock Performance

The business has a 50 day moving average price of $1.93 and a 200-day moving average price of $1.64. The company has a market capitalization of $45.89 million, a price-to-earnings ratio of -1.28 and a beta of 1.08.

Institutional Trading of Rafael

An institutional investor recently raised its position in Rafael stock. Old West Investment Management LLC boosted its position in Rafael Holdings, Inc. (NYSE:RFL) by 102.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,732 shares of the company’s stock after buying an additional 51,365 shares during the period. Old West Investment Management LLC owned approximately 0.41% of Rafael worth $146,000 at the end of the most recent quarter. 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.