CryoPort (NASDAQ:CYRX) Lowered to “Buy” at BidaskClub

BidaskClub lowered shares of CryoPort (NASDAQ:CYRX) from a strong-buy rating to a buy rating in a report released on Tuesday, BidAskClub reports.

NASDAQ:CYRX opened at $17.87 on Tuesday. CryoPort has a 1-year low of $8.28 and a 1-year high of $18.99. The stock has a market capitalization of $550.02 million, a P/E ratio of -57.65 and a beta of 0.85. The company has a quick ratio of 11.52, a current ratio of 11.57 and a debt-to-equity ratio of 0.42.

CryoPort (NASDAQ:CYRX) last released its quarterly earnings results on Thursday, May 2nd. The consumer goods maker reported ($0.08) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.08). The business had revenue of $6.65 million during the quarter, compared to analyst estimates of $6.56 million. CryoPort had a negative net margin of 41.61% and a negative return on equity of 28.30%. The company’s quarterly revenue was up 65.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) earnings per share. Analysts predict that CryoPort will post -0.29 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp lifted its position in shares of CryoPort by 0.3% during the fourth quarter. Northern Trust Corp now owns 338,111 shares of the consumer goods maker’s stock valued at $3,729,000 after buying an additional 1,028 shares during the last quarter. Rhumbline Advisers lifted its position in shares of CryoPort by 3.1% during the first quarter. Rhumbline Advisers now owns 34,962 shares of the consumer goods maker’s stock valued at $452,000 after buying an additional 1,043 shares during the last quarter. Citigroup Inc. lifted its position in shares of CryoPort by 17.3% during the first quarter. Citigroup Inc. now owns 7,463 shares of the consumer goods maker’s stock valued at $97,000 after buying an additional 1,103 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its position in shares of CryoPort by 1.0% during the fourth quarter. Taylor Frigon Capital Management LLC now owns 165,756 shares of the consumer goods maker’s stock valued at $1,828,000 after buying an additional 1,696 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of CryoPort by 4.7% during the first quarter. California State Teachers Retirement System now owns 42,322 shares of the consumer goods maker’s stock valued at $547,000 after buying an additional 1,884 shares during the last quarter. 53.20% of the stock is owned by institutional investors and hedge funds.

About CryoPort

CryoPort, Inc engages in the provision of logistics solutions to the life science industry. It also provides logistics solutions for biologic materials such as immunotherapies, stem cells, CAR-T cells, and reproductive cells for clients worldwide, including points-of-care, clinical research organizations central laboratories, biopharmaceuticals, contract manufacturing, health centers, and university researchers.

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