XORTX Therapeutics (NASDAQ:XRTX) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

XORTX Therapeutics Inc. (NASDAQ:XRTX)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.20 and traded as high as $2.64. XORTX Therapeutics shares last traded at $2.44, with a volume of 32,581 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XORTX Therapeutics in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

XORTX Therapeutics Stock Up 9.9%

The business has a 50-day moving average price of $2.10 and a 200-day moving average price of $2.20. The firm has a market capitalization of $4.44 million, a PE ratio of -0.89 and a beta of 0.73.

XORTX Therapeutics (NASDAQ:XRTX) last announced its quarterly earnings data on Saturday, August 15th. The technology company reported ($1.05) EPS for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in XORTX Therapeutics stock. Citadel Advisors LLC increased its position in shares of XORTX Therapeutics Inc. (NASDAQ:XRTX) by 124.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,326 shares of the technology company’s stock after purchasing an additional 47,858 shares during the period. Citadel Advisors LLC owned 1.24% of XORTX Therapeutics worth $70,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.23% of the company’s stock.

About XORTX Therapeutics

Xyratex Ltd (Xyratex) is a provider of data storage technology, including modular solutions for the enterprise data storage industry and hard disk drive (HDD) capital equipment for the HDD industry. Xyratex operates in two segments: Networked Storage Solutions (NSS) and Storage Infrastructure (SI). Its NSS products are primarily HDD based data storage subsystems and solutions, which it provides to original equipment manufacturers. Its SI products consist of HDD manufacturing process equipment, which it sells directly to manufacturers of HDDs and their component suppliers.