Maxim Group Reiterates Buy on Celsion (CLSN) Following 2Q Report

August 15, 2016 3:50 PM EDT
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Price: $0.39 --0%

Rating Summary:
    5 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Maxim Group reiterated a Buy rating and $4.00 price target on Celsion Corp (NASDAQ: CLSN) following the company's 2Q earnings report.

Analyst Jason McCarthy commented, "Celsion reported 2Q16 with a net loss of $4.5M or $(0.19) per share. The company ended the period with $14.5M in cash, which includes proceeds from a $6M capital raise. Celsion also expects to receive an additional $6M upon the exercise of "short-dated" warrants associated with the raise by YE16, assumed in our model."

For an analyst ratings summary and ratings history on Celsion Corp click here. For more ratings news on Celsion Corp click here.

Shares of Celsion Corp closed at $1.20 yesterday.

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