CHF Solutions (CHFS) Hits New 1-Year Low at $3.71

CHF Solutions Inc (NASDAQ:CHFS) hit a new 52-week low during trading on Thursday . The stock traded as low as $3.71 and last traded at $3.76, with a volume of 6984 shares. The stock had previously closed at $4.45.

Several equities research analysts recently commented on the company. ValuEngine raised CHF Solutions from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Zacks Investment Research raised CHF Solutions from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a report on Wednesday, February 6th.

The firm has a market capitalization of $2.27 million, a P/E ratio of -0.08 and a beta of 2.78.

CHF Solutions (NASDAQ:CHFS) last announced its earnings results on Wednesday, February 20th. The company reported ($8.37) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($7.70) by ($0.67). CHF Solutions had a negative return on equity of 185.30% and a negative net margin of 340.78%. The firm had revenue of $1.50 million for the quarter, compared to the consensus estimate of $1.61 million. As a group, sell-side analysts expect that CHF Solutions Inc will post -22.5 EPS for the current year.

In related news, CEO John L. Erb purchased 9,523 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $5.25 per share, with a total value of $49,995.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.30% of the stock is currently owned by corporate insiders.

An institutional investor recently bought a new position in CHF Solutions stock. Vanguard Group Inc bought a new stake in shares of CHF Solutions Inc (NASDAQ:CHFS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 33,048 shares of the company’s stock, valued at approximately $39,000. Vanguard Group Inc owned 0.46% of CHF Solutions as of its most recent SEC filing.

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About CHF Solutions (NASDAQ:CHFS)

CHF Solutions, Inc, an early-stage medical device company, develops cardiac and coronary disease products primarily in the United States. The company focuses on commercializing the Aquadex FlexFlow system, which is indicated for temporary ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy, and extended ultrafiltration treatment of patients with fluid overload who have failed diuretic therapy and require hospitalization.

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