Protagenic Therapeutics (OTCMKTS:PTIX) Stock Passes Above 200 Day Moving Average of $0.94

Protagenic Therapeutics, Inc. (OTCMKTS:PTIXGet Rating)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.94 and traded as high as $2.13. Protagenic Therapeutics shares last traded at $2.04, with a volume of 4,972 shares.

Protagenic Therapeutics Stock Performance

The company has a 50 day simple moving average of $1.80 and a 200 day simple moving average of $0.94. The company has a market capitalization of $8.81 million, a PE ratio of -2.32 and a beta of 0.16.

Institutional Investors Weigh In On Protagenic Therapeutics

A hedge fund recently raised its stake in Protagenic Therapeutics stock. Renaissance Technologies LLC grew its stake in Protagenic Therapeutics, Inc. (OTCMKTS:PTIXGet Rating) by 69.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,200 shares of the biotechnology company’s stock after purchasing an additional 41,800 shares during the period. Renaissance Technologies LLC owned approximately 0.59% of Protagenic Therapeutics worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 3.47% of the stock is currently owned by hedge funds and other institutional investors.

About Protagenic Therapeutics

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Protagenic Therapeutics, Inc operates as a biotechnology company. It engages in the discovery and development of therapeutics to treat stress-related disorders including post-traumatic stress disorder, depression, anxiety, and drug & alcohol addiction. The firm offers PT00114 peptide-based formulations.

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