Cytori Therapeutics Inc (NASDAQ:CYTX) reached a new 52-week low on Thursday . The company traded as low as $0.24 and last traded at $0.24, with a volume of 515000 shares. The stock had previously closed at $0.25.

A number of research firms recently weighed in on CYTX. Maxim Group set a $5.00 price target on shares of Cytori Therapeutics and gave the stock a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research downgraded shares of Cytori Therapeutics from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, B. Riley reissued a “hold” rating on shares of Cytori Therapeutics in a research note on Tuesday, November 7th.

Cytori Therapeutics (NASDAQ:CYTX) last issued its earnings results on Thursday, November 9th. The biotechnology company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. Cytori Therapeutics had a negative net margin of 367.33% and a negative return on equity of 228.21%. The firm had revenue of $1.77 million during the quarter, compared to the consensus estimate of $2.04 million. During the same quarter in the prior year, the firm earned ($0.26) earnings per share. equities research analysts predict that Cytori Therapeutics Inc will post -0.62 earnings per share for the current year.

An institutional investor recently raised its position in Cytori Therapeutics stock. Sabby Management LLC raised its position in Cytori Therapeutics Inc (NASDAQ:CYTX) by 28.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,626,807 shares of the biotechnology company’s stock after purchasing an additional 355,504 shares during the period. Sabby Management LLC owned approximately 4.69% of Cytori Therapeutics worth $1,789,000 as of its most recent filing with the SEC. 7.41% of the stock is currently owned by institutional investors.

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Cytori Therapeutics Company Profile

Cytori Therapeutics, Inc (Cytori) is a biotechnology company engaged in the development of treatments and devices for a range of disorders using cells as a key part of the therapy. The Company develops cellular therapeutics formulated and optimized for specific diseases and medical conditions and related products.

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