Rubius Therapeutics (RUBY) Sees Strong Trading Volume

Rubius Therapeutics Inc (NASDAQ:RUBY) shares saw strong trading volume on Friday . 2,834,366 shares were traded during mid-day trading, an increase of 825% from the previous session’s volume of 306,401 shares.The stock last traded at $16.29 and had previously closed at $15.58.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Rubius Therapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. ValuEngine lowered shares of Rubius Therapeutics from a “buy” rating to a “hold” rating in a research note on Friday, December 21st. Finally, Morgan Stanley lowered their price objective on shares of Rubius Therapeutics from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, December 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $30.00.

The company has a debt-to-equity ratio of 0.06, a current ratio of 25.78 and a quick ratio of 25.78.

Several large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new stake in shares of Rubius Therapeutics in the 3rd quarter valued at $44,000. Jennison Associates LLC increased its stake in shares of Rubius Therapeutics by 1.1% in the 4th quarter. Jennison Associates LLC now owns 477,596 shares of the company’s stock valued at $7,680,000 after acquiring an additional 5,387 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Rubius Therapeutics by 320.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,191 shares of the company’s stock valued at $116,000 after acquiring an additional 5,481 shares in the last quarter. New York State Common Retirement Fund bought a new stake in Rubius Therapeutics during the 4th quarter valued at $116,000. Finally, Rhumbline Advisers increased its stake in Rubius Therapeutics by 89.5% during the 4th quarter. Rhumbline Advisers now owns 16,329 shares of the company’s stock valued at $263,000 after purchasing an additional 7,711 shares in the last quarter. Institutional investors own 87.04% of the company’s stock.

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About Rubius Therapeutics (NASDAQ:RUBY)

Rubius Therapeutics, Inc focuses on the development of red cell therapeutics (RCTs) for the treatment of patients with severe diseases through its rubius erythrocyte design cellular therapy platform. The company is developing various RCTs, such as RTX-134 for treatment of classic and moderate phenylketonuria; RTX-Uricase/URAT1 for treatment of chronic refractory gout; RTX-CBS for treatment of homocystinuria; RTX-OxOx for the treatment of second-line hyperoxaluria; and RTX-ALAD for the treatment of acute intermittent porphyria.

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