Renalytix (LON:RENX) Shares Up 30.1% – Should You Buy?

Shares of Renalytix Plc (LON:RENXGet Free Report) rose 30.1% during mid-day trading on Tuesday . The stock traded as high as GBX 6 and last traded at GBX 5.40. 4,418,656 shares were traded during mid-day trading, an increase of 374% from the average daily volume of 931,928 shares. The stock had previously closed at GBX 4.15.

Renalytix Stock Up 30.1%

The stock has a 50-day moving average of GBX 3.34 and a 200 day moving average of GBX 2.63. The company has a quick ratio of 2.42, a current ratio of 1.57 and a debt-to-equity ratio of -483.33. The company has a market capitalization of £23.60 million, a PE ratio of -1.35 and a beta of 1.81.

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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