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Cytosorbents (NASDAQ:CTSO) Stock Crosses Above 200 Day Moving Average - Here's Why

Cytosorbents logo with Medical background

Cytosorbents Corporation (NASDAQ:CTSO - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.03 and traded as high as $1.04. Cytosorbents shares last traded at $1.03, with a volume of 40,411 shares traded.

Analyst Ratings Changes

A number of research firms have weighed in on CTSO. Wall Street Zen started coverage on Cytosorbents in a research note on Wednesday, May 21st. They issued a "hold" rating for the company. HC Wainwright reissued a "neutral" rating and set a $1.00 target price on shares of Cytosorbents in a report on Thursday, May 15th. Finally, D. Boral Capital restated a "buy" rating and issued a $10.00 price target on shares of Cytosorbents in a research note on Wednesday, June 25th.

Check Out Our Latest Report on Cytosorbents

Cytosorbents Trading Up 4.0%

The business has a fifty day simple moving average of $1.03 and a 200-day simple moving average of $1.03. The firm has a market cap of $64.49 million, a price-to-earnings ratio of -3.68 and a beta of 1.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.30 and a current ratio of 2.61.

Cytosorbents (NASDAQ:CTSO - Get Free Report) last announced its earnings results on Wednesday, May 14th. The medical research company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. The company had revenue of $8.73 million for the quarter, compared to analyst estimates of $9.01 million. Cytosorbents had a negative return on equity of 105.04% and a negative net margin of 41.77%. As a group, equities analysts forecast that Cytosorbents Corporation will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of Cytosorbents

A number of large investors have recently bought and sold shares of CTSO. Renaissance Technologies LLC boosted its stake in Cytosorbents by 10.6% during the fourth quarter. Renaissance Technologies LLC now owns 88,020 shares of the medical research company's stock valued at $80,000 after buying an additional 8,400 shares during the period. Northern Trust Corp increased its holdings in shares of Cytosorbents by 22.3% in the fourth quarter. Northern Trust Corp now owns 91,560 shares of the medical research company's stock worth $83,000 after buying an additional 16,701 shares during the period. Millennium Management LLC purchased a new position in shares of Cytosorbents in the fourth quarter worth about $30,000. Goldman Sachs Group Inc. increased its holdings in shares of Cytosorbents by 149.2% in the first quarter. Goldman Sachs Group Inc. now owns 62,662 shares of the medical research company's stock worth $63,000 after buying an additional 37,519 shares during the period. Finally, Key Client Fiduciary Advisors LLC increased its holdings in Cytosorbents by 127.0% during the 1st quarter. Key Client Fiduciary Advisors LLC now owns 78,457 shares of the medical research company's stock valued at $78,000 after purchasing an additional 43,900 shares during the period. 32.87% of the stock is owned by hedge funds and other institutional investors.

About Cytosorbents

(Get Free Report)

Cytosorbents Corporation engages in the research, development, and commercialization of medical devices with its blood purification technology platform incorporating a proprietary adsorbent and porous polymer technology in the United States, Germany, and internationally. Its flagship product is CytoSorb, an extracorporeal cytokine adsorber for adjunctive therapy in the treatment of sepsis, adjunctive therapy in other critical care applications, prevention, and treatment of perioperative complications, and maintaining or enhancing the quality of solid organs harvested from donors for organ transplant; and offers VetResQ, a device for adjunctive therapy in the treatment of sepsis, pancreatitis, and other critical illnesses in animals.

Further Reading

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