Celsion (NASDAQ:CLSN) Stock Price Down 5.8%

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Celsion Co. (NASDAQ:CLSN) shares fell 5.8% during trading on Thursday . The company traded as low as $0.70 and last traded at $0.71. 1,333,150 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 1,640,737 shares. The stock had previously closed at $0.75.

A number of research analysts have recently weighed in on CLSN shares. Zacks Investment Research downgraded Celsion from a “hold” rating to a “sell” rating in a research note on Wednesday, December 23rd. ValuEngine raised Celsion from a “hold” rating to a “buy” rating in a research note on Tuesday, December 1st.

The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.67 and a current ratio of 3.67. The company has a 50 day moving average of $0.63 and a 200 day moving average of $1.26.

Celsion (NASDAQ:CLSN) last issued its quarterly earnings data on Sunday, November 15th. The biotechnology company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.11). The business had revenue of $0.13 million for the quarter, compared to analyst estimates of $0.13 million. Celsion had a negative return on equity of 104.32% and a negative net margin of 4,315.00%. Analysts expect that Celsion Co. will post -0.66 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP acquired a new stake in Celsion during the 2nd quarter worth $49,000. Charles Schwab Investment Management Inc. bought a new position in Celsion during the 2nd quarter worth about $64,000. Eudaimonia Partners LLC increased its holdings in Celsion by 23.5% during the 3rd quarter. Eudaimonia Partners LLC now owns 105,000 shares of the biotechnology company’s stock worth $77,000 after purchasing an additional 20,000 shares in the last quarter. Jane Street Group LLC bought a new position in Celsion during the 3rd quarter worth about $34,000. Finally, GSA Capital Partners LLP bought a new position in Celsion during the 3rd quarter worth about $115,000. 11.41% of the stock is currently owned by institutional investors and hedge funds.

Celsion Company Profile (NASDAQ:CLSN)

Celsion Corporation, an integrated development clinical stage oncology drug company, focuses on the development and commercialization of directed chemotherapies, DNA-mediated immunotherapy, and RNA-based therapies for the treatment of cancer. Its lead product candidate is ThermoDox, a liposomal encapsulation of doxorubicin that is in Phase III clinical trial for treating primary liver cancer.

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