Delcath Systems (DCTH) Downgraded by Zacks Investment Research to Hold

Delcath Systems stock has undergone multiple analysts rating changes in the recent past.  Delcath Systems Downgraded by Zacks Investment Research on 10/13/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Delcath Systems traded up $0.08 on Wednesday, reaching $9.07. 14353 shares of the stock traded hands, compared to its average volume of 19975. Shares of Delcath Systems were trading at $9.07 on Wednesday. The firm’s 50 day moving average is $9.56 and its 200 day moving average is $13.07.Delcath Systems has a 12 month low of $8.92 and a 12 month high of $25.18. While on yearly highs and lows, Delcath Systems’s today has traded high as $9.30 and has touched $8.92 on the downward trend. See More Analyst Rating at: RATING

Delcath Systems Earnings and What to expect: 

Delcath Systems last announced its quarterly earnings results on August 9th, 2021. The reported ($0.96) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.02. The firm earned $0.54 million during the quarter, compared to the consensus estimate of $0.40 million. Delcath Systems has generated ($8.35) earnings per share over the last year (($3.77) diluted earnings per share). Earnings for Delcath Systems are expected to grow in the coming year, from ($3.82) to ($2.65) per share. Delcath Systems has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, November 10th, 2021 based off prior year’s report dates.

Earnings for Delcath Systems are expected to grow in the coming year, from ($3.82) to ($2.65) per share. The P/E ratio of Delcath Systems is -2.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Delcath Systems is -2.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Delcath Systems has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Delcath Systems (DCTH) Moving Average Technical Analysis

5 day Moving Average is $9.21 And 5 day price change is -$0.34 (-3.61%)  with average volume for 5 day average is 16,760. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $9.53 and 20 day price change is -$0.22 (-2.37%) and average 20 day moving volume is 18,695. 50 day moving average is $9.56  and 50 day price change is -$0.74 ( -7.54%)  and with average volume for 50 days is : 30,958. 200 day moving average is $13.07  and 200 day price change is -$7.61 (-45.62%)  and with average volume for 200 days is : 129,714.

Other owners latest trading in Delcath Systems :

  • On 8/23/2021 shares held by Morgan Stanley were 59,242 which equates to market value of $0.75M and appx 0.00% owners of Delcath Systems
  • On 8/17/2021 shares held by Millennium Management LLC were 32,094 which equates to market value of $0.41M and appx 0.00% owners of Delcath Systems
  • On 8/16/2021 shares held by Squarepoint Ops LLC were 24,773 which equates to market value of $0.31M and appx 0.00% owners of Delcath Systems
  • In total Institutional ownership equates to Institutional Ownership Percentage: 21.67% for Delcath Systems

See More Analyst Rating at: RATING