Cytori Therapeutics Lowered to “Hold” at Ascendiant Capital Markets (CYTX)
Cytori Therapeutics (NASDAQ:CYTX) was downgraded by research analysts at Ascendiant Capital Markets from a “buy” rating to a “hold” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. They currently have a $4.00 price objective on the stock. Ascendiant Capital Markets’ price target suggests a potential upside of 124.72% from the company’s current price.
Cytori Therapeutics (NASDAQ:CYTX) traded down 14.76% on Wednesday, hitting $1.79. The stock had a trading volume of 2,465,073 shares. Cytori Therapeutics has a 52 week low of $1.46 and a 52 week high of $3.93. The stock has a 50-day moving average of $2. and a 200-day moving average of $2.52. The company’s market cap is $135.1 million.
Cytori Therapeutics (NASDAQ:CYTX) last announced its earnings results on Monday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14). The company had revenue of $1.03 million for the quarter, compared to the consensus estimate of $2.87 million. On average, analysts predict that Cytori Therapeutics will post $-0.42 earnings per share for the current fiscal year.
Separately, analysts at Maxim Group cut their price target on shares of Cytori Therapeutics from $10.00 to $9.00 in a research note on Tuesday, May 13th. They now have a “buy” rating on the stock.
Cytori Therapeutics, Inc develops cell therapies based on autologous adipose-derived stem and regenerative cells (NASDAQ:CYTX) to treat cardiovascular disease and repair soft tissue defects.
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