Cytosorbents Corp Director Sells $12,500 in Stock (CTSO)
Cytosorbents Corp (NASDAQ:CTSO) Director Al Kraus sold 50,000 shares of Cytosorbents Corp stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $0.25, for a total transaction of $12,500.00. Following the completion of the sale, the director now directly owns 1,393,631 shares in the company, valued at approximately $348,408. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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 Corp (NASDAQ:CTSO) traded up 3.09% during mid-day trading on Thursday, hitting $0.23. 302,870 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 $71.5 million.
Cytosorbents Corp (NASDAQ:CTSO) last released its earnings data on Tuesday, August 12th. The company reported ($0.01) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.01). Analysts expect that Cytosorbents Corp will post $-0.03 EPS for the current fiscal year.
CytoSorbents Corporation is a development stage critical care focused company using blood purification to treat life-threatening illnesses.
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