Anastas Gegov

CATASYS INC (OTSMKTS:CATS) Going Up And Down

by Anastas Gegov July 26, 2016

 

  • cash: $262 thousand
  • current assets: $1.3 million
  • current liabilities: $13.7 million
  • revenues: $728 thousand
  • net loss: $4.3 million

 

Those numbers aren’t that good, but they seem to have been sufficient to push CATS to a market value of nearly $60 million. The company itself is regularly posting new optimistic press releases, keeping the hype up.

 

Last week ended pretty well and we saw CATS climb another 20% up the charts. Yesterday’s session, however, was rather disappointing and the ticker lost 11.67% of its value, dropping to $1.06, while a total of 185 thousand traded shares generated $209 thousand in daily dollar volume.

 

We see that CATS is still hesitating in today’s session and we shouldn’t forget the massive amount of debt that the company has, a portion of which we discussed in our previous article. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.

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