Cytori Therapeutics (CYTX) Stock Price Down 2.3%
Cytori Therapeutics Inc (NASDAQ:CYTX) fell 2.3% on Wednesday . The stock traded as low as $0.40 and last traded at $0.43. 595,442 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 2,919,156 shares. The stock had previously closed at $0.44.
Several research firms recently weighed in on CYTX. B. Riley reiterated a “hold” rating on shares of Cytori Therapeutics in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of Cytori Therapeutics from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, 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 Friday, January 5th.
The stock has a market capitalization of $15.09, a P/E ratio of -0.48 and a beta of 3.21.
In other Cytori Therapeutics news, major shareholder Bank Sa Swissquote sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $0.38, for a total transaction of $38,000.00. Following the completion of the transaction, the insider now owns 5,496,655 shares in the company, valued at $2,088,728.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Perkins Capital Management Inc. lifted its stake in Cytori Therapeutics by 134.0% during the fourth quarter. Perkins Capital Management Inc. now owns 2,136,041 shares of the biotechnology company’s stock worth $644,000 after purchasing an additional 1,223,046 shares during the period. Sabby Management LLC lifted its stake in Cytori Therapeutics by 28.0% during the second quarter. Sabby Management LLC now owns 1,626,807 shares of the biotechnology company’s stock worth $1,789,000 after purchasing an additional 355,504 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Cytori Therapeutics by 81.9% during the second quarter. Vanguard Group Inc. now owns 612,304 shares of the biotechnology company’s stock worth $674,000 after purchasing an additional 275,653 shares during the period. Hedge funds and other institutional investors own 7.34% of the company’s stock.
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About Cytori Therapeutics
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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