Rafael (NYSE:RFL) Stock Price Down 1.6% – Time to Sell?

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

Rafael Price Performance

The company has a fifty day simple moving average of $1.93 and a two-hundred day simple moving average of $1.64.

Hedge Funds Weigh In On Rafael

An institutional investor recently raised its position in Rafael stock. Old West Investment Management LLC grew its holdings in Rafael Holdings, Inc. (NYSE:RFL) by 102.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,732 shares of the company’s stock after purchasing 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 quarter. Institutional investors and hedge funds 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.