Insider Selling: Cytosorbents Corp Director Sells 100,000 Shares of Stock (CTSO)
Cytosorbents Corp (NASDAQ:CTSO) Director Al Kraus unloaded 100,000 shares of the stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $0.25, for a total transaction of $25,000.00. Following the transaction, the director now directly owns 1,393,631 shares of the company’s stock, valued at approximately $348,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cytosorbents Corp (NASDAQ:CTSO) traded down 6.27% during mid-day trading on Tuesday, hitting $0.239. 1,521,393 shares of the company’s stock traded hands. Cytosorbents Corp has a 52-week low of $0.09 and a 52-week high of $0.35. The stock’s 50-day moving average is $0.25 and its 200-day moving average is $0.24. The company’s market cap is $74.3 million.
Cytosorbents Corp (NASDAQ:CTSO) last released its earnings data on Tuesday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). On average, analysts predict that Cytosorbents Corp will post $-0.03 earnings per share for the current fiscal year.
Separately, analysts at HC Wainwright initiated coverage on shares of Cytosorbents Corp in a research note on Monday, August 18th. They set a “buy” rating and a $1.00 price target on the stock.
CytoSorbents Corporation is a development stage critical care focused company using blood purification to treat life-threatening illnesses.
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