Delcath Systems, Inc. (NASDAQ:DCTH – Get Free Report) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $23.1667.
Several research analysts have recently weighed in on DCTH shares. BTIG Research lifted their price objective on Delcath Systems from $17.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen raised Delcath Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Delcath Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, September 4th. HC Wainwright reissued a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of Delcath Systems in a research note on Friday, August 7th. Finally, Zacks Research raised shares of Delcath Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th.
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Delcath Systems Stock Up 0.2%
DCTH opened at $16.25 on Friday. Delcath Systems has a twelve month low of $8.12 and a twelve month high of $17.42. The company has a fifty day moving average of $14.99 and a 200-day moving average of $12.26. The stock has a market cap of $563.86 million, a PE ratio of 1,626.63 and a beta of 0.57.
Delcath Systems (NASDAQ:DCTH – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.16. The business had revenue of $29.13 million for the quarter, compared to analyst estimates of $26.25 million. Delcath Systems had a net margin of 0.56% and a return on equity of 0.46%. Sell-side analysts anticipate that Delcath Systems will post -0.17 EPS for the current fiscal year.
Delcath Systems Company Profile
Delcath Systems, Inc (NASDAQ:DCTH) is an oncology company focused on developing and commercializing liver-directed therapies for patients with primary and metastatic cancers of the liver. Its technology is designed to deliver high concentrations of chemotherapy to the liver while limiting systemic exposure.
The company’s primary product is the HEPZATO KIT, a combination of melphalan hydrochloride and the Hepatic Delivery System. The treatment is used to perform percutaneous hepatic perfusion, a procedure in which the liver is temporarily isolated so chemotherapy can be administered directly to it and then filtered before the blood returns to the patient’s circulation.
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