Israeli Stocks: Ratio Oil Exploration, RadVision and Redhill
Israel’s TA-25 Index dropped for a third day, declining 0.8 percent to 1,238.56 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1.21 billion shekels ($354.5 million) in shares and convertible securities.
The following stocks rose or fell today. Symbols are in parentheses.
RadVision Ltd. (RVSN) closed at the lowest level since Oct. 10, sliding 1.8 percent to 24.19 shekels. The maker of video-conferencing systems was cut to “market perform” from “outperform” with a 12-month share-price estimate of $8 at Morgan Keegan & Co.
Ratio Oil Exploration 1992 LP (RATIL) dropped for the first time in four days, falling 1.5 percent to 0.407 shekel. Drilling at the Leviathan 3 natural-gas site, in which the oil and gas explorer is a partner, was delayed due to sand in a pressure modulator, Globes reported, without saying where it got the information.
Redhill Biopharma Ltd. (RDHL IT) rose 2.5 percent to 2.925 shekels, the biggest gain since June 28. The developer and manufacturer of pharmaceuticals signed an agreement with a Canadian drug developer for a Phase II/III trial of its RHB-105 on ulcer patients.
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