Somewhat Positive Media Coverage Somewhat Unlikely to Impact NanoString Technologies (NSTG) Stock Price

News articles about NanoString Technologies (NASDAQ:NSTG) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NanoString Technologies earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media headlines about the biotechnology company an impact score of 46.2534803058389 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Shares of NanoString Technologies (NASDAQ:NSTG) traded up $0.33 during trading on Wednesday, reaching $7.80. 148,000 shares of the company’s stock were exchanged, compared to its average volume of 172,150. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.35 and a quick ratio of 2.89. NanoString Technologies has a twelve month low of $7.03 and a twelve month high of $23.25. The firm has a market cap of $189.61, a price-to-earnings ratio of -3.77 and a beta of 0.82.

NanoString Technologies (NASDAQ:NSTG) last issued its quarterly earnings results on Thursday, November 2nd. The biotechnology company reported ($0.45) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.56) by $0.11. NanoString Technologies had a negative net margin of 44.24% and a negative return on equity of 174.55%. The business had revenue of $27.02 million for the quarter, compared to analyst estimates of $26.27 million. During the same quarter in the prior year, the business posted ($0.51) EPS. NanoString Technologies’s revenue for the quarter was up 12.9% compared to the same quarter last year. equities research analysts anticipate that NanoString Technologies will post -1.77 EPS for the current fiscal year.

NSTG has been the subject of several recent research reports. Robert W. Baird reduced their price target on shares of NanoString Technologies from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Zacks Investment Research lowered shares of NanoString Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Cowen reiterated a “buy” rating and set a $20.00 price objective on shares of NanoString Technologies in a research note on Thursday, September 28th. Finally, Janney Montgomery Scott lowered shares of NanoString Technologies from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $15.06.

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NanoString Technologies Company Profile

NanoString Technologies, Inc develops, manufactures and sells intuitive products that unlock scientifically valuable and clinically actionable biologic information from minute amounts of tissue. The Company is engaged in the development, manufacture and commercialization of instruments, consumables and services for profiling the activity of hundreds of genes and proteins simultaneously from a single tissue sample.

Insider Buying and Selling by Quarter for NanoString Technologies (NASDAQ:NSTG)

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