Entero Therapeutics, Inc. (NASDAQ:ENTO – Get Free Report) shares shot up 15.2% on Friday . The stock traded as high as $4.10 and last traded at $3.79. Approximately 396,905 shares were traded during trading, a decline of 86% from the average daily volume of 2,798,922 shares. The stock had previously closed at $3.29.
Entero Therapeutics Stock Performance
The stock has a market capitalization of $6.02 million, a PE ratio of -2.24 and a beta of 1.19. The stock’s 50 day moving average is $4.12 and its two-hundred day moving average is $3.37.
Hedge Funds Weigh In On Entero Therapeutics
Several hedge funds and other institutional investors have recently made changes to their positions in ENTO. ADAR1 Capital Management LLC acquired a new stake in shares of Entero Therapeutics in the second quarter worth approximately $3,642,000. Virtu Financial LLC acquired a new position in Entero Therapeutics in the 3rd quarter valued at $59,000. GSA Capital Partners LLP acquired a new position in Entero Therapeutics in the 2nd quarter valued at $65,000. Finally, Persistent Asset Partners Ltd purchased a new position in Entero Therapeutics in the 2nd quarter valued at $198,000. Hedge funds and other institutional investors own 12.30% of the company’s stock.
About Entero Therapeutics
Entero Therapeutics, Inc (NASDAQ: ENTO) is a clinical‐stage specialty pharmaceutical company dedicated to developing innovative therapies for patients suffering from rare and debilitating gastrointestinal (GI) disorders. The company leverages targeted delivery technologies designed to localize therapeutic molecules directly to affected regions of the GI tract, aiming to enhance efficacy while minimizing systemic exposure. Entero’s research and development efforts focus on addressing chronic conditions with significant unmet medical needs, including malabsorption syndromes and motility‐related GI diseases.
Entero’s pipeline features multiple lead candidates in varying stages of clinical development.
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