Delcath Systems, Inc. (DCTH) Sees Unusually-High Trading Volume
Delcath Systems, Inc. (NASDAQ:DCTH) saw unusually-high trading volume on Wednesday . Approximately 147,629,302 shares changed hands during mid-day trading, an increase of 40% from the previous session’s volume of 105,731,000 shares.The stock last traded at $0.12 and had previously closed at $0.10.
The firm’s 50-day moving average is $0.12 and its 200-day moving average is $0.10. The stock’s market cap is $51.57 million.
A number of hedge funds have recently bought and sold shares of DCTH. Renaissance Technologies LLC lifted its stake in Delcath Systems by 167.3% in the 4th quarter. Renaissance Technologies LLC now owns 160,128 shares of the medical device company’s stock valued at $147,000 after buying an additional 100,214 shares in the last quarter. Vanguard Group Inc. lifted its stake in Delcath Systems by 207.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,285,679 shares of the medical device company’s stock valued at $253,000 after buying an additional 866,838 shares in the last quarter. Finally, Virtu KCG Holdings LLC lifted its stake in Delcath Systems by 72.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 1,518,724 shares of the medical device company’s stock valued at $299,000 after buying an additional 637,689 shares in the last quarter. 7.97% of the stock is currently owned by hedge funds and other institutional investors.
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Delcath Systems Company Profile
Delcath Systems, Inc is a late-stage clinical development company with early commercial activity in Europe focused on cancers of the liver. The Company is a specialty pharmaceutical and medical device company developing its product, Melphalan Hydrochloride for Injection for use with the Delcath Hepatic Delivery System (Melphalan/HDS).