Citadel Advisors LLC Buys 51,216 Shares of Phio Pharmaceuticals Corp (NASDAQ:PHIO)

Citadel Advisors LLC lifted its stake in shares of Phio Pharmaceuticals Corp (NASDAQ:PHIO) by 148.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,621 shares of the company’s stock after purchasing an additional 51,216 shares during the quarter. Citadel Advisors LLC’s holdings in Phio Pharmaceuticals were worth $33,000 at the end of the most recent reporting period.

Separately, SG Americas Securities LLC boosted its position in shares of Phio Pharmaceuticals by 163.8% during the 2nd quarter. SG Americas Securities LLC now owns 603,528 shares of the company’s stock worth $229,000 after purchasing an additional 374,703 shares in the last quarter. Institutional investors and hedge funds own 5.27% of the company’s stock.

Separately, ValuEngine raised shares of Phio Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd.

PHIO stock opened at $0.21 on Friday. The stock has a market capitalization of $5.76 million, a PE ratio of -0.20 and a beta of 1.67. The company’s 50-day moving average is $0.30 and its 200-day moving average is $0.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.87 and a quick ratio of 5.87. Phio Pharmaceuticals Corp has a 1 year low of $0.20 and a 1 year high of $0.53.

Phio Pharmaceuticals (NASDAQ:PHIO) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.08). On average, analysts anticipate that Phio Pharmaceuticals Corp will post -0.36 earnings per share for the current fiscal year.

Phio Pharmaceuticals Profile

Phio Pharmaceuticals Corp., a biotechnology company, focuses on discovering and developing immuno-oncology therapeutics to treat cancer. The company's lead product candidate is RXI-109, an sd-rxRNA that reduces the expression of connective tissue growth factor, a critical regulator of several biological pathways involved in fibrosis, including scar formation in the skin and eye.

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