CytoCore Inc. (MDIT) Director William Austin Iv Lewis Purchases 10,666,667 Shares

CytoCore Inc. (OTCMKTS:MDIT) Director William Austin Iv Lewis bought 10,666,667 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was bought at an average price of $0.08 per share, for a total transaction of $853,333.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CytoCore Inc. (MDIT) remained flat at $$0.19 on Monday. 6,068 shares of the stock were exchanged, compared to its average volume of 10,072. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.54 and a quick ratio of 0.69. The stock has a market capitalization of $5.34, a PE ratio of -0.88 and a beta of -2.38. CytoCore Inc. has a 52 week low of $0.11 and a 52 week high of $0.88.

CytoCore (OTCMKTS:MDIT) last released its earnings results on Tuesday, November 14th. The company reported ($0.06) earnings per share for the quarter. CytoCore had a negative net margin of 76.67% and a negative return on equity of 71.60%.

Separately, ValuEngine upgraded shares of CytoCore from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th.

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About CytoCore

MEDITE Cancer Diagnostics, Inc (MEDITE), formerly CytoCore, Inc, is a medical technology company engaged in the development, engineering, manufacturing and marketing of molecular biomarkers and medical devices and consumables for detection, risk assessment and diagnosis of cancer, precancerous conditions and related diseases.

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