XORTX Therapeutics (NASDAQ:XRTX) Releases Quarterly Earnings Results

XORTX Therapeutics (NASDAQ:XRTX) posted its quarterly earnings results on Saturday. The technology company reported ($1.05) earnings per share for the quarter, FiscalAI reports.

XORTX Therapeutics Price Performance

XORTX Therapeutics stock opened at $2.17 on Monday. The firm has a 50 day simple moving average of $2.11 and a 200-day simple moving average of $2.23. The stock has a market cap of $3.95 million, a price-to-earnings ratio of -0.83 and a beta of 0.73. XORTX Therapeutics has a 1-year low of $1.73 and a 1-year high of $7.05.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XORTX Therapeutics in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, XORTX Therapeutics has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in XORTX Therapeutics stock. Citadel Advisors LLC increased its holdings in XORTX Therapeutics Inc. (NASDAQ:XRTX) by 124.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 86,326 shares of the technology company’s stock after acquiring an additional 47,858 shares during the period. Citadel Advisors LLC owned approximately 1.24% of XORTX Therapeutics worth $70,000 at the end of the most recent quarter. 0.23% of the stock is owned by institutional investors and hedge funds.

XORTX Therapeutics Company Profile

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.