Cytori Therapeutics (CYTX) Sees Strong Trading Volume

Shares of Cytori Therapeutics Inc (NASDAQ:CYTX) saw an uptick in trading volume on Friday . 2,316,811 shares were traded during mid-day trading, an increase of 282% from the previous session’s volume of 606,885 shares.The stock last traded at $0.29 and had previously closed at $0.28.

A number of research firms recently weighed in on CYTX. Maxim Group restated a “hold” rating on shares of Cytori Therapeutics in a research report on Monday, April 1st. ValuEngine downgraded Cytori Therapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.

The stock has a market capitalization of $4.72 million, a price-to-earnings ratio of -0.17 and a beta of 2.13. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.46 and a quick ratio of 0.30.

Cytori Therapeutics (NASDAQ:CYTX) last released its earnings results on Tuesday, May 14th. The biotechnology company reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.02. The company had revenue of $0.70 million during the quarter. Cytori Therapeutics had a negative return on equity of 272.70% and a negative net margin of 242.60%.

Institutional investors have recently made changes to their positions in the business. Barclays PLC increased its stake in Cytori Therapeutics by 724.4% in the 4th quarter. Barclays PLC now owns 99,747 shares of the biotechnology company’s stock worth $29,000 after purchasing an additional 87,647 shares during the period. Virtu Financial LLC increased its stake in Cytori Therapeutics by 236.8% in the 1st quarter. Virtu Financial LLC now owns 141,209 shares of the biotechnology company’s stock worth $36,000 after purchasing an additional 99,279 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Cytori Therapeutics by 81.9% in the 1st quarter. Renaissance Technologies LLC now owns 338,712 shares of the biotechnology company’s stock worth $88,000 after purchasing an additional 152,464 shares during the period. 4.08% of the stock is currently owned by institutional investors and hedge funds.

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About Cytori Therapeutics (NASDAQ:CYTX)

Cytori Therapeutics, Inc is a late stage cell therapy company, which engages in the development of autologous cell therapies from adipose tissue, using its proprietary technology, to treat a variety of medical conditions. It offers the Cytori Nanomedicine, Cytori Cell Therapy, and other clinical trials.

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