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Telix Pharmaceuticals (NASDAQ:TLX) Sees Unusually-High Trading Volume - Here's What Happened

Telix Pharmaceuticals logo with Medical background

Key Points

  • Telix Pharmaceuticals experienced a significant increase in trading volume, with approximately 54,477 shares traded, up 43% from the prior session.
  • Wall Street analysts project positive growth for TLX, with ratings of "buy" and target prices of $22.00 and $23.00 from notable firms.
  • Several institutional investors have recently taken positions in Telix Pharmaceuticals, indicating strong interest and potential confidence in the stock's future performance.
  • Want stock alerts on Telix Pharmaceuticals? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Telix Pharmaceuticals Limited (NASDAQ:TLX - Get Free Report) shares saw an uptick in trading volume on Wednesday . 54,477 shares were traded during mid-day trading, an increase of 43% from the previous session's volume of 38,210 shares.The stock last traded at $11.09 and had previously closed at $10.82.

Analyst Ratings Changes

A number of research firms have recently weighed in on TLX. Wedbush reissued an "outperform" rating and issued a $22.00 price target on shares of Telix Pharmaceuticals in a research note on Thursday, June 12th. William Blair reissued an "outperform" rating on shares of Telix Pharmaceuticals in a research note on Wednesday, July 9th. Finally, HC Wainwright began coverage on Telix Pharmaceuticals in a research note on Thursday, July 3rd. They issued a "buy" rating and a $23.00 price target on the stock.

Get Our Latest Analysis on TLX

Telix Pharmaceuticals Stock Performance

The stock has a 50 day moving average price of $14.99 and a two-hundred day moving average price of $16.52. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.78 and a quick ratio of 2.66.

Institutional Trading of Telix Pharmaceuticals

Several hedge funds have recently added to or reduced their stakes in TLX. Private Advisor Group LLC acquired a new stake in Telix Pharmaceuticals during the 1st quarter worth $170,000. ABC Arbitrage SA acquired a new stake in Telix Pharmaceuticals during the 1st quarter worth $451,000. Blair William & Co. IL acquired a new stake in Telix Pharmaceuticals during the 2nd quarter worth $217,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Telix Pharmaceuticals during the 2nd quarter worth $297,000. Finally, Pier Capital LLC bought a new position in Telix Pharmaceuticals during the 2nd quarter worth about $3,037,000.

About Telix Pharmaceuticals

(Get Free Report)

Telix Pharmaceuticals Limited. engages in the development and commercialization of several clinical-stage oncology assets. It operates through the following segments: Commercial, Product Development, and Group and Unallocated. The Commercial segment includes sales of Illuccix and other products subsequent to obtaining regulatory approvals.

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