In Friday’s Wall Street session, Quanterix Corp (NASDAQ:QTRX) shares traded at $4.85, up 0.41% from the previous session.
QTRX stock price is now -15.84% away from the 50-day moving average and -50.75% away from the 200-day moving average. The market capitalization of the company currently stands at $188.32M.
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, WALT DAVID R, Director bought 47,000 shares of the company’s stock on Aug 20 ’24. The stock was bought for $624,630 at an average price of $13.29. Upon completion of the transaction, the Director now directly owns 1,487,342 shares in the company, valued at $7.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 13 ’24, President & CEO Toloue Masoud bought 19,000 shares of the business’s stock. A total of $207,100 was incurred on buying the stock at an average price of $10.90. This leaves the insider owning 354,119 shares of the company worth $1.72 million. A total of 14.30% of the company’s stock is owned by insiders.
During the past 12 months, Quanterix Corp has had a low of $4.05 and a high of $19.17. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 8.29, and a quick ratio of 7.53.
The net profit margin was -35.28% and return on equity was -14.51% for QTRX. The company reported revenue of $30.33 million for the quarter, compared to $32.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.4 percent. For the current quarter, analysts expect QTRX to generate $30.55M in revenue.
