ValuEngine downgraded shares of Celsion (NASDAQ:CLSN) from a sell rating to a strong sell rating in a research note released on Friday morning.

Other research analysts also recently issued reports about the company. Oppenheimer assumed coverage on Celsion in a research note on Tuesday, November 21st. They issued an outperform rating and a $9.00 price target for the company. Zacks Investment Research downgraded Celsion from a buy rating to a hold rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $11.90.

Celsion (CLSN) opened at $2.31 on Friday. The firm has a market capitalization of $37.10, a P/E ratio of -0.39 and a beta of 1.81. Celsion has a one year low of $1.24 and a one year high of $7.56.

Celsion (NASDAQ:CLSN) last posted its quarterly earnings results on Tuesday, November 14th. The biotechnology company reported ($0.39) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.56) by $0.17. The firm had revenue of $0.13 million during the quarter, compared to the consensus estimate of $0.13 million. Celsion had a negative return on equity of 282.94% and a negative net margin of 4,292.80%. equities analysts forecast that Celsion will post -2.46 EPS for the current fiscal year.

An institutional investor recently bought a new position in Celsion stock. Sabby Management LLC purchased a new stake in Celsion Co. (NASDAQ:CLSN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 108,843 shares of the biotechnology company’s stock, valued at approximately $223,000. Sabby Management LLC owned approximately 1.30% of Celsion as of its most recent SEC filing. 4.01% of the stock is owned by hedge funds and other institutional investors.

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About Celsion

Celsion Corporation is an oncology drug development company. The Company’s product candidate is ThermoDox, a heat-activated liposomal encapsulation of doxorubicin, which is in Phase III clinical trial for treatment of primary liver cancer (the OPTIMA Study) and a Phase II clinical trial for treatment of recurrent chest wall breast cancer (the DIGNITY Study).

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

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