StockNews.com Initiates Coverage on Cutera (NASDAQ:CUTR)

Research analysts at StockNews.com began coverage on shares of Cutera (NASDAQ:CUTRGet Free Report) in a report issued on Tuesday. The firm set a “sell” rating on the medical device company’s stock.

Cutera Trading Down 63.9 %

Shares of NASDAQ:CUTR opened at $0.04 on Tuesday. The stock has a 50 day moving average of $0.37 and a 200 day moving average of $0.49. The company has a market cap of $787,254.00, a PE ratio of -0.01 and a beta of 1.36. Cutera has a 12-month low of $0.09 and a 12-month high of $3.00.

Institutional Trading of Cutera

A hedge fund recently bought a new stake in Cutera stock. Sculptor Capital LP acquired a new position in Cutera, Inc. (NASDAQ:CUTRFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 166,000 shares of the medical device company’s stock, valued at approximately $59,000. Sculptor Capital LP owned 0.82% of Cutera as of its most recent SEC filing. 90.70% of the stock is currently owned by institutional investors.

Cutera Company Profile

(Get Free Report)

Cutera, Inc provides aesthetic and dermatology solutions for medical practitioners worldwide. It develops, manufactures, and markets energy-based product platforms for medical practitioners; and distributes third-party manufactured skincare products. The company provides AviClear for the treatment of mild, moderate, and severe inflammatory acne vulgaris; Secret PRO, a device that utilizes fractional CO2 for skin resurfacing and radio frequency (RF) microneedling for skin revitalization; truFlex, a bio-electrical muscle stimulation device designs to strengthen, firm and tone the abdomen, buttocks, and thighs; and excel V/V+, a vascular and benign pigmented lesion treatment platform.

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