Stocks of Quanterix Corp (NASDAQ:QTRX) traded higher last session on Wall Street, up 2.75% to $23.56.
QTRX stock price is now -4.61% away from the 50-day moving average and -2.85% away from the 200-day moving average. The market capitalization of the company currently stands at $896.69M.
With the price target of $30, Scotiabank recently initiated with Sector Outperform rating for Quanterix Corp (NASDAQ: QTRX). On September 25, 2023, Canaccord Genuity Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $25 to quote $32, while ‘SVB Securities’ rates the stock as ‘Outperform’
In other news, OLSON LAURIE J, Director sold 1,500 shares of the company’s stock on Feb 14 ’24. The stock was sold for $36,525 at an average price of $24.35. Upon completion of the transaction, the Director now directly owns 15,238 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’24, Director OLSON LAURIE J sold 1,000 shares of the business’s stock. A total of $26,910 was realized by selling the stock at an average price of $26.91. This leaves the insider owning 16,738 shares of the company worth $0.39 million. A total of 9.58% of the company’s stock is owned by insiders.
During the past 12 months, Quanterix Corp has had a low of $10.02 and a high of $29.70. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 9.84, and a quick ratio of 9.26. The fifty day moving average price for QTRX is $24.70 and a two-hundred day moving average price translates $24.25 for the stock.
The latest earnings results from Quanterix Corp (NASDAQ: QTRX) was released for Dec, 2023. According to the Medical Devices Company, earnings per share came in at -$0.33, missing analysts’ expectations of -$0.32 by -0.01. This compares to -$0.50 EPS in the same period last year. The net profit margin was -26.42% and return on equity was -9.16% for QTRX. The company reported revenue of $31.55 million for the quarter, compared to $25.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.17 percent. For the current quarter, analysts expect QTRX to generate $31.62M in revenue.
