Cytori Therapeutics (CYTX) Stock Price Up 7.7%

Cytori Therapeutics Inc (NASDAQ:CYTX) shares rose 7.7% on Wednesday . The stock traded as high as $0.30 and last traded at $0.28. Approximately 758,792 shares were traded during trading, an increase of 28% from the average daily volume of 593,002 shares. The stock had previously closed at $0.26.

CYTX has been the topic of several recent analyst reports. ValuEngine lowered shares of Cytori Therapeutics from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Maxim Group reissued a “hold” rating on shares of Cytori Therapeutics in a research note on Monday, April 1st.

The company has a market capitalization of $4.72 million, a price-to-earnings ratio of -0.17 and a beta of 2.13. The company has a current ratio of 0.46, a quick ratio of 0.30 and a debt-to-equity ratio of 0.39.

Cytori Therapeutics (NASDAQ:CYTX) last released its quarterly earnings data on Tuesday, May 14th. The biotechnology company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.02. Cytori Therapeutics had a negative net margin of 242.60% and a negative return on equity of 272.70%. The business had revenue of $0.70 million for the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in CYTX. Barclays PLC lifted its stake in Cytori Therapeutics by 724.4% in the fourth quarter. Barclays PLC now owns 99,747 shares of the biotechnology company’s stock valued at $29,000 after buying an additional 87,647 shares in the last quarter. Virtu Financial LLC lifted its stake in Cytori Therapeutics by 236.8% in the first quarter. Virtu Financial LLC now owns 141,209 shares of the biotechnology company’s stock valued at $36,000 after buying an additional 99,279 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Cytori Therapeutics by 81.9% in the first quarter. Renaissance Technologies LLC now owns 338,712 shares of the biotechnology company’s stock valued at $88,000 after buying an additional 152,464 shares in the last quarter. 4.08% of the stock is currently owned by hedge funds and other institutional investors.

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About Cytori Therapeutics (NASDAQ:CYTX)

Cytori Therapeutics, Inc is a late stage cell therapy company, which engages in the development of autologous cell therapies from adipose tissue, using its proprietary technology, to treat a variety of medical conditions. It offers the Cytori Nanomedicine, Cytori Cell Therapy, and other clinical trials.

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