Cytosorbents (CTSO) Expected to Announce Quarterly Earnings on Thursday

Cytosorbents (NASDAQ:CTSO - Get Free Report) is expected to be releasing its earnings data after the market closes on Thursday, March 6th. Analysts expect Cytosorbents to post earnings of ($0.07) per share and revenue of $10.09 million for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Cytosorbents Stock Performance

Shares of Cytosorbents stock traded down $0.01 during trading on Friday, reaching $1.06. The company's stock had a trading volume of 81,334 shares, compared to its average volume of 330,319. The company has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $1.04. Cytosorbents has a fifty-two week low of $0.70 and a fifty-two week high of $1.61. The company has a current ratio of 1.97, a quick ratio of 1.58 and a debt-to-equity ratio of 1.06. The firm has a market cap of $57.96 million, a PE ratio of -2.94 and a beta of 0.61.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. StockNews.com began coverage on Cytosorbents in a research note on Sunday. They set a "hold" rating for the company. HC Wainwright restated a "neutral" rating and set a $1.00 target price on shares of Cytosorbents in a research report on Monday, November 11th. Finally, D. Boral Capital restated a "buy" rating and issued a $10.00 price target on shares of Cytosorbents in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $4.67.

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About Cytosorbents

Cytosorbents Corporation engages in the research, development, and commercialization of medical devices with its blood purification technology platform incorporating a proprietary adsorbent and porous polymer technology in the United States, Germany, and internationally. Its flagship product is CytoSorb, an extracorporeal cytokine adsorber for adjunctive therapy in the treatment of sepsis, adjunctive therapy in other critical care applications, prevention, and treatment of perioperative complications, and maintaining or enhancing the quality of solid organs harvested from donors for organ transplant; and offers VetResQ, a device for adjunctive therapy in the treatment of sepsis, pancreatitis, and other critical illnesses in animals.