Cytori Therapeutics Inc. (CYTX) Sees Strong Trading Volume
Shares of Cytori Therapeutics Inc. (NASDAQ:CYTX) saw unusually-strong trading volume on Wednesday . Approximately 285,755 shares were traded during mid-day trading, an increase of 131% from the previous session’s volume of 123,660 shares.The stock last traded at $2.01 and had previously closed at $2.03.
Several equities research analysts have commented on CYTX shares. Maxim Group set a $5.00 target price on shares of Cytori Therapeutics and gave the company a “buy” rating in a research note on Wednesday, August 31st. Zacks Investment Research downgraded shares of Cytori Therapeutics from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $11.00 target price on shares of Cytori Therapeutics in a research note on Tuesday, June 28th.
The company’s market capitalization is $42.42 million. The stock has a 50 day moving average of $2.09 and a 200 day moving average of $2.68.
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Cytori Therapeutics (NASDAQ:CYTX) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by $0.04. The company had revenue of $1.10 million for the quarter, compared to the consensus estimate of $2.50 million. Cytori Therapeutics had a negative net margin of 203.79% and a negative return on equity of 210.47%. The company’s revenue for the quarter was down 31.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. On average, analysts expect that Cytori Therapeutics Inc. will post ($1.29) EPS for the current fiscal year.
A hedge fund recently bought a new stake in Cytori Therapeutics stock. Cambridge Associates LLC MA ADV purchased a new stake in shares of Cytori Therapeutics Inc. (NASDAQ:CYTX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,000 shares of the company’s stock, valued at approximately $852,000. Cytori Therapeutics comprises 0.4% of Cambridge Associates LLC MA ADV’s investment portfolio, making the stock its 19th largest position. Hedge funds and other institutional investors own 18.48% of the company’s stock.
About Cytori Therapeutics
Cytori Therapeutics, Inc (Cytori) is a biotechnology company engaged in the development of treatments and devices for a range of disorders using cells as a key part of the therapy. The Company develops cellular therapeutics formulated and optimized for specific diseases and medical conditions and related products.
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