Cytosorbents Corp (NASDAQ:CTSO) has been assigned a consensus rating of “Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $10.65.
Several research analysts have recently commented on CTSO shares. Maxim Group set a $12.00 price objective on Cytosorbents and gave the stock a “buy” rating in a report on Monday, January 8th. HC Wainwright restated a “buy” rating and set a $13.00 price target on shares of Cytosorbents in a report on Tuesday, November 21st. ValuEngine downgraded Cytosorbents from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Finally, B. Riley set a $11.00 price target on Cytosorbents and gave the company a “buy” rating in a report on Friday, December 22nd.
In other Cytosorbents news, COO Vincent Capponi sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $7.00, for a total transaction of $28,000.00. Following the transaction, the chief operating officer now owns 271,062 shares in the company, valued at approximately $1,897,434. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathleen P. Bloch sold 12,400 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $7.75, for a total value of $96,100.00. Following the transaction, the chief financial officer now owns 241,038 shares in the company, valued at approximately $1,868,044.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,800 shares of company stock worth $360,620. 5.60% of the stock is owned by company insiders.
Cytosorbents (CTSO) opened at $7.40 on Wednesday. The company has a market capitalization of $212.32, a PE ratio of -19.47 and a beta of -0.18. The company has a quick ratio of 3.17, a current ratio of 3.36 and a debt-to-equity ratio of 0.73. Cytosorbents has a twelve month low of $3.30 and a twelve month high of $7.90.
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CytoSorbents Corporation is a critical care focused immunotherapy company. The Company is engaged in commercializing its product, CytoSorb, which is a blood purification technology with focus in preventing or treating multiple organ failure. The Company’s purification technologies are based on biocompatible, porous polymer beads that remove toxic substances from blood and other bodily fluids by pore capture and surface adsorption.
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