Protalix Biotherapeutics (PLX) Trading Up 14%

Protalix Biotherapeutics Inc (NYSEAMERICAN:PLX) was up 14% during trading on Friday . The stock traded as high as $0.51 and last traded at $0.49. Approximately 1,049,643 shares changed hands during trading, an increase of 58% from the average daily volume of 663,791 shares. The stock had previously closed at $0.43.

Several equities research analysts have recently commented on PLX shares. HC Wainwright set a $4.00 price target on shares of Protalix Biotherapeutics and gave the company a “buy” rating in a research report on Thursday, December 13th. Zacks Investment Research raised shares of Protalix Biotherapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st.

A number of institutional investors have recently added to or reduced their stakes in PLX. Fosun International Ltd purchased a new stake in Protalix Biotherapeutics in the 3rd quarter worth approximately $1,881,000. Renaissance Technologies LLC increased its holdings in Protalix Biotherapeutics by 24.9% in the 3rd quarter. Renaissance Technologies LLC now owns 3,266,401 shares of the company’s stock worth $2,374,000 after acquiring an additional 651,701 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in Protalix Biotherapeutics by 44.4% in the 4th quarter. Virtu Financial LLC now owns 91,862 shares of the company’s stock worth $29,000 after acquiring an additional 28,236 shares in the last quarter.

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About Protalix Biotherapeutics (NYSEAMERICAN:PLX)

Protalix BioTherapeutics, Inc, a biopharmaceutical company, focuses on the development and commercialization of recombinant therapeutic proteins based on its proprietary ProCellEx protein expression system in Israel and internationally. The company offers Elelyso, a plant cell expressed recombinant glucocerebrosidase enzyme for the treatment of Gaucher disease.

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