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Citius Oncology (NASDAQ:CTOR) Releases Earnings Results

Citius Oncology logo with Medical background

Key Points

  • Citius Oncology reported earnings of ($0.08) per share for the quarter, reflecting potential challenges for the company.
  • Shares of Citius Oncology fell 1.7% to $1.69 during trading, with a notable 52-week low of $0.55 and high of $6.19.
  • Institutional investors own 70.52% of the company's stock, with Geode Capital Management recently increasing its position by 179%.
  • Want stock alerts on Citius Oncology? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Citius Oncology (NASDAQ:CTOR - Get Free Report) posted its earnings results on Tuesday. The company reported ($0.08) earnings per share for the quarter, Zacks reports.

Citius Oncology Trading Down 1.7%

Shares of NASDAQ:CTOR traded down $0.03 during trading on Tuesday, reaching $1.69. 133,639 shares of the company traded hands, compared to its average volume of 2,458,339. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.05 and a current ratio of 0.36. Citius Oncology has a 52 week low of $0.55 and a 52 week high of $6.19. The company's 50 day moving average is $2.39 and its two-hundred day moving average is $1.42.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CTOR. Wall Street Zen upgraded shares of Citius Oncology to a "hold" rating in a research note on Saturday, July 26th. Maxim Group downgraded shares of Citius Oncology from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Finally, Citigroup cut shares of Citius Oncology to a "hold" rating in a research note on Friday, May 23rd.

Get Our Latest Stock Report on CTOR

Institutional Trading of Citius Oncology

An institutional investor recently raised its position in Citius Oncology stock. Geode Capital Management LLC grew its position in shares of Citius Oncology, Inc. (NASDAQ:CTOR - Free Report) by 179.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,297 shares of the company's stock after buying an additional 36,758 shares during the quarter. Geode Capital Management LLC owned 0.07% of Citius Oncology worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 70.52% of the company's stock.

About Citius Oncology

(Get Free Report)

Citius Oncology, Inc is a pharmaceutical company, which engages in developing and commercializing targeted oncology therapies. Its lead product candidate is LYMPHIR, an engineered IL-2 diphtheria toxin fusion protein, for the treatment of patients with persistent or recurrent CTCL, a rare form of non-Hodgkin lymphoma.

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