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Citius Oncology (NASDAQ:CTOR) Downgraded by Maxim Group to "Hold"

Citius Oncology logo with Medical background

Citius Oncology (NASDAQ:CTOR - Get Free Report) was downgraded by equities researchers at Maxim Group from a "strong-buy" rating to a "hold" rating in a research note issued on Friday, Marketbeat reports.

Citius Oncology Stock Performance

Shares of CTOR stock opened at $0.91 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.08 and a debt-to-equity ratio of 0.08. The business's 50 day moving average is $0.76 and its two-hundred day moving average is $1.00. Citius Oncology has a 12 month low of $0.55 and a 12 month high of $4.42.

Citius Oncology (NASDAQ:CTOR - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02).

Institutional Investors Weigh In On Citius Oncology

An institutional investor recently bought a new position in Citius Oncology stock. Citadel Advisors LLC bought a new stake in Citius Oncology, Inc. (NASDAQ:CTOR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 22,699 shares of the company's stock, valued at approximately $26,000. Institutional investors and hedge funds 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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