Cyclo Therapeutics (CYTH) Receives a Buy from Maxim Group

In a report released yesterday, Jason McCarthy from Maxim Group assigned a Buy rating to Cyclo Therapeutics (CYTHResearch Report), with a price target of $25.00. The company’s shares closed last Tuesday at $8.38.

According to TipRanks.com, McCarthy is a top 100 analyst with an average return of 58.4% and a 60.2% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Appili Therapeutics Inc Class A, Brainstorm Cell Therapeutics, and SELLAS Life Sciences Group.

Currently, the analyst consensus on Cyclo Therapeutics is a Moderate Buy with an average price target of $25.00.

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Cyclo Therapeutics’ market cap is currently $39.44M and has a P/E ratio of -1.20. The company has a Price to Book ratio of -72.83.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CYTH in relation to earlier this year.

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Cyclo Therapeutics, Inc. engages in the development of cyclodextrin-based biopharmaceuticals for the treatment of disease. Its product candidates include Trappsol Cyclo, which treats Neimann-Pick Type C disease. The firm focuses on the development and commercialization of innovative cyclodextrin-based products for the treatment of people with serious and life threatening rare diseases and medical conditions. The company was founded by Charles E. Rick Strattan on August 9, 1990 and is headquartered in Gainesville, FL.