Cesca Therapeutics (NASDAQ:KOOL) Rating Lowered to Hold at ValuEngine

Cesca Therapeutics (NASDAQ:KOOL) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday, ValuEngine reports.

Other equities analysts have also recently issued research reports about the stock. HC Wainwright restated a “buy” rating and set a $6.50 target price (up previously from $1.00) on shares of Cesca Therapeutics in a research note on Wednesday, August 14th. Zacks Investment Research upgraded shares of Cesca Therapeutics from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research note on Tuesday, August 20th.

KOOL traded down $0.26 during midday trading on Tuesday, hitting $6.37. 216,400 shares of the company traded hands, compared to its average volume of 113,917. The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $15.44 million, a PE ratio of -1.77 and a beta of 0.93. The company’s 50-day moving average is $4.07 and its 200 day moving average is $2.17. Cesca Therapeutics has a 52 week low of $2.10 and a 52 week high of $7.00.

Cesca Therapeutics (NASDAQ:KOOL) last posted its earnings results on Tuesday, August 13th. The biotechnology company reported ($0.47) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.60) by $0.13. The business had revenue of $4.31 million for the quarter, compared to analysts’ expectations of $3.40 million. Cesca Therapeutics had a negative net margin of 98.84% and a negative return on equity of 77.30%. On average, sell-side analysts predict that Cesca Therapeutics will post -0.45 earnings per share for the current fiscal year.

About Cesca Therapeutics

Cesca Therapeutics Inc develops, commercializes, and markets a range of automated technologies and products for cell-based therapeutics in the United States, China, rest of Asia, Europe, and internationally. The company develops automated blood and bone marrow processing systems that enable the separation, processing, and preservation of cell and tissue therapy products.

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