Celsion (NASDAQ:CLSN) Cut to Strong Sell at ValuEngine

ValuEngine cut shares of Celsion (NASDAQ:CLSN) from a sell rating to a strong sell rating in a research note released on Thursday, March 15th.

Several other research firms have also recently issued reports on CLSN. Zacks Investment Research cut Celsion from a buy rating to a hold rating in a research report on Thursday, January 11th. Oppenheimer began coverage on Celsion in a research report on Tuesday, November 21st. They issued an outperform rating and a $9.00 price objective for the company. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Celsion presently has a consensus rating of Hold and an average target price of $11.90.

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NASDAQ:CLSN traded down $0.03 during trading hours on Thursday, hitting $2.20. The company’s stock had a trading volume of 78,321 shares, compared to its average volume of 205,689. The stock has a market capitalization of $39.03, a price-to-earnings ratio of -0.92 and a beta of 1.66. Celsion has a 52-week low of $1.24 and a 52-week high of $6.06.

An institutional investor recently bought a new position in Celsion stock. Virtu Financial LLC bought a new stake in Celsion Co. (NASDAQ:CLSN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,018 shares of the biotechnology company’s stock, valued at approximately $113,000. Virtu Financial LLC owned about 0.24% of Celsion as of its most recent filing with the Securities & Exchange Commission. 3.84% of the stock is owned by institutional investors.

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Celsion Company Profile

Celsion Corporation, an oncology drug company, focuses on the development and commercialization of directed chemotherapy, DNA-mediated immunotherapy, and RNA based therapy products for the treatment of cancer. The company's lead product includes ThermoDox, a liposomal encapsulation of doxorubicin that is in Phase III clinical trials for primary liver cancer; and under Phase II clinical trials for recurrent chest wall breast cancer.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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