RedHill Biopharma (NASDAQ:RDHL) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of RedHill Biopharma (NASDAQ:RDHL) in a report issued on Wednesday. The firm issued a hold rating on the biotechnology company’s stock.

RedHill Biopharma Trading Up 5.4 %

Shares of RedHill Biopharma stock opened at $3.34 on Wednesday. The company has a 50-day moving average of $5.62 and a 200 day moving average of $7.31. RedHill Biopharma has a 1 year low of $3.01 and a 1 year high of $20.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in RedHill Biopharma stock. GAMMA Investing LLC purchased a new position in RedHill Biopharma Ltd. (NASDAQ:RDHL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,089 shares of the biotechnology company’s stock, valued at approximately $32,000. GAMMA Investing LLC owned approximately 0.40% of RedHill Biopharma at the end of the most recent reporting period. Institutional investors own 7.20% of the company’s stock.

About RedHill Biopharma

RedHill Biopharma Ltd., a specialty biopharmaceutical company, primarily focuses on gastrointestinal and infectious diseases. The company develops and commercializes Talicia for the treatment of H. pylori infection in adults; and Aemcolo for the treatment of travelers' diarrhea in adults. Its pipeline consists of five therapeutic candidates, which are in clinical development include opaganib for treating patients hospitalized with SARS-CoV-2 severe COVID-19 pneumonia, advanced unresectable cholangiocarcinoma, prostate cancer, and nuclear radiation protection; RHB-107 (upamostat) for treating outpatients infected with SARS-CoV-2 (COVID-19 disease) and advanced unresectable cholangiocarcinoma; RHB-104 for Crohn's disease; RHB-102 (Bekinda) for the treatment of acute gastroenteritis and gastritis, irritable bowel syndrome with diarrhea, and oncology support anti-emetic; and RHB-204 for pulmonary nontuberculous mycobacteria infections caused by mycobacterium avium complex.