Shares of Cesca Therapeutics Inc. (NASDAQ:KOOL) were down 9.7% on Wednesday . The stock traded as low as $4.40 and last traded at $4.49, with a volume of 1,052,380 shares traded. The stock had previously closed at $4.97.

Separately, Maxim Group reiterated a “hold” rating on shares of Cesca Therapeutics in a research report on Wednesday, May 11th.

The stock’s market cap is $13.24 million. The company’s 50-day moving average is $3.08 and its 200 day moving average is $3.45.

Cesca Therapeutics Inc is focused on the research, development and commercialization of autologous cell-based therapeutics for use in regenerative medicine. The Company is engaged in developing and manufacturing automated blood and bone marrow processing systems that enable the separation processing and preservation of cell and tissue therapy products.

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