Shares of Cryoport, Inc. (NASDAQ:CYRX – Get Rating) were down 5.3% during mid-day trading on Tuesday . The company traded as low as $17.88 and last traded at $17.93. Approximately 9,606 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 792,352 shares. The stock had previously closed at $18.93.
Analyst Ratings Changes
A number of research firms have recently commented on CYRX. Needham & Company LLC dropped their price objective on Cryoport from $49.00 to $28.00 and set a “buy” rating for the company in a report on Friday, November 4th. KeyCorp dropped their price target on shares of Cryoport from $52.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, November 4th. SVB Leerink lowered their price objective on shares of Cryoport from $45.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Finally, B. Riley decreased their price objective on shares of Cryoport from $55.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, November 16th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $42.17.
Cryoport Stock Performance
The company’s 50-day moving average price is $24.10 and its two-hundred day moving average price is $29.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 14.96 and a quick ratio of 14.35.
Institutional Trading of Cryoport
Cryoport, Inc, a life sciences services company, provides temperature-controlled logistics solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Cryoportal, a cloud-based logistics management platform that supports the management of shipments, which includes order entry, document preparation, customs documentation, courier management, real-time shipment tracking and monitoring, issue resolution, and regulatory compliance requirements; and CryoPort Express Shippers, which is used to ensure that the stability of shipped biologic commodities is maintained throughout the shipping cycle.
- Get a free copy of the StockNews.com research report on Cryoport (CYRX)
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