Shares of Cytori Therapeutics Inc (NASDAQ:CYTX) dropped 6.2% during trading on Tuesday . The stock traded as low as $0.30 and last traded at $0.28. Approximately 791,240 shares were traded during trading, an increase of 2% from the average daily volume of 777,109 shares. The stock had previously closed at $0.30.
CYTX has been the subject of several recent research reports. Maxim Group set a $5.00 target price on shares of Cytori Therapeutics and gave the company a “buy” rating in a research note on Monday, November 13th. Zacks Investment Research lowered shares of Cytori Therapeutics from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, B. Riley restated a “hold” rating on shares of Cytori Therapeutics in a research report on Tuesday, November 7th.
Cytori Therapeutics (NASDAQ:CYTX) last issued its quarterly earnings results on Thursday, November 9th. The biotechnology company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. Cytori Therapeutics had a negative net margin of 367.33% and a negative return on equity of 228.21%. The business had revenue of $1.77 million during the quarter, compared to the consensus estimate of $2.04 million. During the same quarter in the prior year, the firm earned ($0.26) EPS. analysts expect that Cytori Therapeutics Inc will post -0.62 earnings per share for the current year.
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Cytori Therapeutics Company Profile
Cytori Therapeutics, Inc (Cytori) is a biotechnology company engaged in the development of treatments and devices for a range of disorders using cells as a key part of the therapy. The Company develops cellular therapeutics formulated and optimized for specific diseases and medical conditions and related products.
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