Insider Buying: Kathleen P. Bloch Acquires 65,000 Shares of Cytosorbents Corp Stock (CTSO)
Cytosorbents Corp (NASDAQ:CTSO) CFO Kathleen P. Bloch purchased 65,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average cost of $0.23 per share, for a total transaction of $14,950.00. The purchase was disclosed in a filing 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.
Shares of Cytosorbents Corp (NASDAQ:CTSO) traded up 3.09% during mid-day trading on Thursday, hitting $0.23. The stock had a trading volume of 302,870 shares. Cytosorbents Corp has a one year low of $0.09 and a one year high of $0.35. The stock has a 50-day moving average of $0.25 and a 200-day moving average of $0.24. The company’s market cap is $71.5 million.
Cytosorbents Corp (NASDAQ:CTSO) last announced its earnings results on Tuesday, August 12th. The company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.01). On average, analysts predict that Cytosorbents Corp will post $-0.03 earnings per share 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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