Renalytix (LON:RENX) Stock Price Up 18.5% – Should You Buy?

Renalytix Plc (LON:RENXGet Free Report)’s share price rose 18.5% during mid-day trading on Friday . The company traded as high as GBX 3.90 and last traded at GBX 3.85. Approximately 2,615,687 shares were traded during trading, an increase of 197% from the average session volume of 881,370 shares. The stock had previously closed at GBX 3.25.

Renalytix Stock Up 18.5%

The firm’s 50 day simple moving average is GBX 2.36 and its 200 day simple moving average is GBX 2.84. The company has a market cap of £16.83 million, a price-to-earnings ratio of -0.96 and a beta of 1.81. The company has a quick ratio of 2.42, a current ratio of 1.57 and a debt-to-equity ratio of -483.33.

Renalytix Company Profile

(Get Free Report)

Renalytix (LSE: RENX) (NASDAQ: RNLX) is a developer of artificial intelligence-enabled clinical in vitro diagnostic solutions for kidney disease, one of the most common and costly chronic medical conditions globally. The Company’s lead product is KidneyIntelX, which has been granted Breakthrough Designation by the U.S. Food and Drug Administration and which is being designed to help make significant improvements in kidney disease prognosis, transplant management, clinical care, patient stratification for drug clinical trials, and drug target discovery (visit www.kidneyintelx.com).

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