Tenax Therapeutics Inc (NASDAQ:TENX) hit a new 52-week low on Monday . The stock traded as low as $2.51 and last traded at $2.57, with a volume of 2197 shares trading hands. The stock had previously closed at $3.25.
Separately, ValuEngine raised Tenax Therapeutics from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th.
A hedge fund recently raised its stake in Tenax Therapeutics stock. Renaissance Technologies LLC grew its stake in Tenax Therapeutics Inc (NASDAQ:TENX) by 45.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,400 shares of the specialty pharmaceutical company’s stock after buying an additional 26,200 shares during the period. Renaissance Technologies LLC owned 5.75% of Tenax Therapeutics worth $526,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 12.18% of the company’s stock.
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About Tenax Therapeutics (NASDAQ:TENX)
Tenax Therapeutics, Inc, a specialty pharmaceutical company, focused on the identification, development, and commercialization of a portfolio of products for the critical care market in the United States and Canada. It focuses on the development and commercialization of pharmaceutical products containing levosimendan, 2.5 mg/ml concentrate for solution for infusion/5ml vial for use in the reduction of morbidity and mortality in cardiac surgery patients at risk for developing Low Cardiac Output Syndrome.
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