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Citius Oncology (NASDAQ:CTOR) Shares Up 3.6% - Time to Buy?

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Citius Oncology, Inc. (NASDAQ:CTOR - Get Free Report) shot up 3.6% on Monday . The company traded as high as $1.81 and last traded at $1.75. 100,206 shares changed hands during trading, a decline of 93% from the average session volume of 1,520,231 shares. The stock had previously closed at $1.69.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on CTOR

Citius Oncology Stock Up 3.6%

The stock has a 50 day simple moving average of $2.44 and a two-hundred day simple moving average of $1.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.02 and a current ratio of 0.35.

Institutional Investors Weigh In On Citius Oncology

A number of institutional investors have recently modified their holdings of CTOR. Citadel Advisors LLC acquired a new stake in shares of Citius Oncology during the 4th quarter valued at about $26,000. Bank of America Corp DE grew its position in shares of Citius Oncology by 5,256.9% during the 2nd quarter. Bank of America Corp DE now owns 8,571 shares of the company's stock valued at $37,000 after acquiring an additional 8,411 shares during the period. Arkadios Wealth Advisors acquired a new stake in shares of Citius Oncology during the 2nd quarter valued at about $51,000. Geode Capital Management LLC grew its position in shares of Citius Oncology by 179.0% during the 2nd quarter. Geode Capital Management LLC now owns 57,297 shares of the company's stock valued at $249,000 after acquiring an additional 36,758 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Citius Oncology during the 2nd quarter valued at about $465,000. 70.52% of the stock is currently owned by institutional investors and hedge funds.

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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