According to Zacks, “Citius Pharmaceuticals, Inc. is a specialty pharmaceutical company. It engaged in the development and commercialization of critical care products targeting medical needs with a focus on anti-infective products, adjunctive cancer care and prescription products. Citius Pharmaceuticals, Inc. is headquartered in Cranford, New Jersey. “
Separately, Dawson James assumed coverage on Citius Pharmaceuticals in a research note on Friday, September 6th. They issued a buy rating and a $7.00 price target for the company.
Citius Pharmaceuticals (NASDAQ:CTXR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.14). Equities analysts anticipate that Citius Pharmaceuticals will post -0.61 earnings per share for the current fiscal year.
In other news, CEO Myron Z. Holubiak acquired 558,597 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was purchased at an average price of $0.90 per share, for a total transaction of $502,737.30. Also, major shareholder Leonard L. Mazur acquired 2,234,700 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were purchased at an average price of $0.90 per share, with a total value of $2,011,230.00. Company insiders own 58.52% of the company’s stock.
A hedge fund recently raised its stake in Citius Pharmaceuticals stock. Vanguard Group Inc. grew its position in shares of Citius Pharmaceuticals Inc (NASDAQ:CTXR) by 308.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 453,156 shares of the company’s stock after purchasing an additional 342,180 shares during the period. Vanguard Group Inc. owned approximately 2.05% of Citius Pharmaceuticals worth $444,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 2.83% of the company’s stock.
About Citius Pharmaceuticals
Citius Pharmaceuticals, Inc, a specialty pharmaceutical company, develops and commercializes critical care products. It primarily focuses on developing anti-infective, cancer care, and prescription products. The company develops Mino-Lok, which is in Phase III clinical trials for the treatment and salvage of infected central venous catheters in patients with catheter related bloodstream infections; and Hydro-Lido, a topical formulation of hydrocortisone and lidocaine that is intended for the treatment of hemorrhoids.
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