Cytosorbents Co. (NASDAQ:CTSO) CFO Kathleen P. Bloch sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $8.00, for a total transaction of $80,000.00. Following the sale, the chief financial officer now directly owns 268,870 shares in the company, valued at $2,150,960. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ CTSO traded up $0.02 during mid-day trading on Friday, reaching $7.42. The company had a trading volume of 17,209 shares, compared to its average volume of 184,911. Cytosorbents Co. has a twelve month low of $3.30 and a twelve month high of $8.25. The company has a current ratio of 2.64, a quick ratio of 2.54 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $215.14, a PE ratio of -23.13 and a beta of -0.09.
Cytosorbents (NASDAQ:CTSO) last posted its quarterly earnings results on Thursday, March 8th. The medical research company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). The company had revenue of $4.65 million during the quarter, compared to analyst estimates of $4.56 million. Cytosorbents had a negative return on equity of 118.07% and a negative net margin of 52.08%. analysts predict that Cytosorbents Co. will post -0.47 EPS for the current year.
A number of large investors have recently modified their holdings of the stock. PEAK6 Investments L.P. boosted its holdings in Cytosorbents by 13.7% in the fourth quarter. PEAK6 Investments L.P. now owns 99,744 shares of the medical research company’s stock worth $648,000 after purchasing an additional 12,022 shares in the last quarter. Millennium Management LLC boosted its holdings in Cytosorbents by 297.8% in the fourth quarter. Millennium Management LLC now owns 163,977 shares of the medical research company’s stock worth $1,066,000 after purchasing an additional 122,760 shares in the last quarter. Raymond James & Associates boosted its holdings in Cytosorbents by 100.0% in the fourth quarter. Raymond James & Associates now owns 100,000 shares of the medical research company’s stock worth $650,000 after purchasing an additional 50,000 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Cytosorbents in the fourth quarter worth $146,000. Finally, BlueCrest Capital Management Ltd bought a new stake in Cytosorbents in the fourth quarter worth $396,000. Hedge funds and other institutional investors own 10.84% of the company’s stock.
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Cytosorbents Company Profile
CytoSorbents Corporation, a critical care focused immunotherapy company, engages in the research, development, and commercialization of medical devices with its platform blood purification technology incorporating a proprietary adsorbent, porous polymer technology. Its principal product is CytoSorb device, an extracorporeal cytokine filter designed for the adjunctive therapy in the treatment of sepsis; adjunctive therapy in other critical care applications; prevention and treatment of post-operative complications of cardiopulmonary bypass surgery; and prevention and treatment of organ dysfunction in brain-dead organ donors to increase the number and quality of viable organs harvested from donors.
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