CytRx (NASDAQ: CYTR) announced its earnings results on Monday. The company reported ($0.21) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.20) by $0.01.

On a related note, analysts at Zacks downgraded shares of CytRx from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 9th. They now have a $2.30 price target on the stock.

CytRx (CYTR) opened at 2.46 on Monday. CytRx (CYTR) has a 1-year low of $1.59 and a 1-year high of $5.50. The stock’s 50-day moving average is currently $2.16. The company’s market cap is $74.8 million.

CytRx Corporation as (CytRx) is a biopharmaceutical research and development company engaged in the development of high-value human therapeutics, specializing in oncology.

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