Rafael (NYSEAMERICAN:RFL) Trading 9% Higher

Shares of Rafael Holdings Inc (NYSEAMERICAN:RFL) traded up 9% on Thursday . The stock traded as high as $23.76 and last traded at $22.58, 108,900 shares traded hands during trading. An increase of 93% from the average session volume of 56,420 shares. The stock had previously closed at $20.71.

Rafael (NYSEAMERICAN:RFL) last issued its earnings results on Monday, December 9th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $1.21 million during the quarter.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its holdings in Rafael by 342.1% in the 2nd quarter. Bank of Montreal Can now owns 1,008 shares of the company’s stock worth $29,000 after buying an additional 780 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in Rafael in the 2nd quarter worth approximately $218,000. Parametric Portfolio Associates LLC purchased a new stake in Rafael in the 2nd quarter worth approximately $254,000. Wells Fargo & Company MN lifted its holdings in Rafael by 663.8% in the 2nd quarter. Wells Fargo & Company MN now owns 9,990 shares of the company’s stock worth $287,000 after buying an additional 8,682 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Rafael by 9.8% in the 3rd quarter. Rhumbline Advisers now owns 15,622 shares of the company’s stock worth $327,000 after buying an additional 1,391 shares during the period.

About Rafael (NYSEAMERICAN:RFL)

Rafael Holdings, Inc holds commercial real estate assets. The company, through its subsidiaries, engages in the development and commercialization of therapies that exploit the metabolic differences between normal cells and cancer cells. Rafael Holdings, Inc is headquartered in Newark, New Jersey.

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