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Telix Pharmaceuticals (NASDAQ:TLX) Shares Gap Down - Time to Sell?

Telix Pharmaceuticals logo with Medical background

Key Points

  • Telix Pharmaceuticals shares gapped down from $13.32 to $12.30 prior to trading, with the last traded price at $12.18 and a trading volume of 6,914 shares.
  • Analysts have set new price targets for TLX, with Wedbush and William Blair maintaining "outperform" ratings at $22.00 and $23.00 respectively.
  • Institutional investors have been active in the stock, with multiple hedge funds acquiring new positions in the second quarter alone, including Pier Capital LLC, which invested $3,037,000.
  • Need Better Tools to Track Telix Pharmaceuticals? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Telix Pharmaceuticals Limited (NASDAQ:TLX - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $13.32, but opened at $12.30. Telix Pharmaceuticals shares last traded at $12.18, with a volume of 6,914 shares traded.

Wall Street Analyst Weigh In

TLX has been the topic of several recent analyst reports. Wedbush reiterated 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 reaffirmed an "outperform" rating on shares of Telix Pharmaceuticals in a research report on Wednesday, July 9th. Finally, HC Wainwright started coverage on Telix Pharmaceuticals in a research note on Thursday, July 3rd. They set a "buy" rating and a $23.00 target price for the company.

Read Our Latest Report on Telix Pharmaceuticals

Telix Pharmaceuticals Stock Performance

The company has a current ratio of 2.78, a quick ratio of 2.66 and a debt-to-equity ratio of 0.99. The company has a 50 day simple moving average of $15.80 and a 200-day simple moving average of $16.82.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Private Advisor Group LLC acquired a new position in Telix Pharmaceuticals during the 1st quarter valued at about $170,000. Pier Capital LLC bought a new stake in shares of Telix Pharmaceuticals during the second quarter valued at approximately $3,037,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Telix Pharmaceuticals during the second quarter valued at approximately $297,000. Blair William & Co. IL acquired a new position in shares of Telix Pharmaceuticals during the second quarter worth approximately $217,000. Finally, ABC Arbitrage SA bought a new position in Telix Pharmaceuticals in the 1st quarter worth approximately $451,000.

Telix Pharmaceuticals Company Profile

(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.

Further Reading

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