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Protalix BioTherapeutics (NYSE:PLX) Trading Up 3.4% - Here's Why

Protalix BioTherapeutics logo with Medical background

Shares of Protalix BioTherapeutics, Inc. (NYSE:PLX - Get Free Report) shot up 3.4% during trading on Wednesday . The company traded as high as $1.53 and last traded at $1.53. 595,311 shares changed hands during trading, an increase of 2% from the average session volume of 585,289 shares. The stock had previously closed at $1.48.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Protalix BioTherapeutics from a "strong-buy" rating to a "buy" rating in a report on Monday, May 12th.

Check Out Our Latest Research Report on PLX

Protalix BioTherapeutics Trading Down 3.7%

The company has a market capitalization of $113.44 million, a PE ratio of -10.96 and a beta of -0.23. The stock's fifty day moving average is $1.71 and its two-hundred day moving average is $2.16.

Protalix BioTherapeutics (NYSE:PLX - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported ($0.05) earnings per share for the quarter. Protalix BioTherapeutics had a negative return on equity of 30.89% and a negative net margin of 21.03%. As a group, analysts anticipate that Protalix BioTherapeutics, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Protalix BioTherapeutics

A number of large investors have recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of Protalix BioTherapeutics by 1,299.4% in the 4th quarter. Northern Trust Corp now owns 731,742 shares of the company's stock worth $1,376,000 after buying an additional 679,451 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Protalix BioTherapeutics during the first quarter worth approximately $1,236,000. Goldman Sachs Group Inc. increased its stake in Protalix BioTherapeutics by 482.3% during the first quarter. Goldman Sachs Group Inc. now owns 289,461 shares of the company's stock worth $741,000 after acquiring an additional 239,751 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Protalix BioTherapeutics by 159.0% in the first quarter. Jane Street Group LLC now owns 294,318 shares of the company's stock valued at $753,000 after buying an additional 180,702 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in Protalix BioTherapeutics during the 1st quarter worth $459,000. 16.53% of the stock is currently owned by institutional investors.

About Protalix BioTherapeutics

(Get Free Report)

Protalix BioTherapeutics, Inc, a biopharmaceutical company, engages in the development, production, and commercialization of recombinant therapeutic proteins based on its proprietary ProCellEx plant cell-based protein expression system in the United States, Australia, Canada, Israel, Brazil, Russia, Turkey, and internationally.

Further Reading

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