Cytosorbents Corporation (NASDAQ:CTSO – Get Free Report) CEO Phillip Chan bought 200,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average price of $0.35 per share, with a total value of $70,000.00. Following the transaction, the chief executive officer directly owned 1,944,432 shares in the company, valued at $680,551.20. The trade was a 11.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Cytosorbents Stock Up 0.6%
Shares of CTSO opened at $6.41 on Friday. Cytosorbents Corporation has a 1 year low of $6.00 and a 1 year high of $20.40. The company has a debt-to-equity ratio of 4.70, a current ratio of 0.66 and a quick ratio of 0.50. The stock has a 50 day simple moving average of $7.29 and a two-hundred day simple moving average of $9.97. The firm has a market cap of $20.19 million, a P/E ratio of -1.11 and a beta of 1.34.
Cytosorbents (NASDAQ:CTSO – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The medical research company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.80) by $0.73. Cytosorbents had a negative net margin of 48.94% and a negative return on equity of 431.65%. The firm had revenue of $9.63 million for the quarter, compared to the consensus estimate of $9.38 million. On average, analysts forecast that Cytosorbents Corporation will post -4.4 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cytosorbents
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cytosorbents in a research note on Monday, July 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $107.50.
Check Out Our Latest Report on Cytosorbents
About Cytosorbents
Cytosorbents Corporation, founded in 2011 and headquartered in Princeton, New Jersey, is a medical device company focused on critical care and extracorporeal blood purification. The company’s flagship product, CytoSorb, is a hemoadsorption cartridge designed to remove excessive inflammatory mediators such as cytokines, bilirubin and myoglobin from a patient’s blood. By targeting the molecular drivers of hyperinflammation, CytoSorb is intended to stabilize patients undergoing septic shock, cardiac surgery, trauma and organ failure.
CytoSorb has secured regulatory clearance in Europe (CE mark) and is available in more than 65 countries, with a growing presence in Asia, the Middle East and Latin America.
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