Quotient Ltd (NASDAQ:QTNT) shares were down 17.2% during mid-day trading on Tuesday . The stock traded as low as $4.30 and last traded at $4.39. Approximately 1,710,327 shares were traded during trading, an increase of 314% from the average daily volume of 412,805 shares. The stock had previously closed at $5.30.
Several research analysts have recently issued reports on QTNT shares. BTIG Research reaffirmed a “buy” rating and set a $12.00 price objective on shares of Quotient in a research report on Wednesday, November 1st. Jefferies Group reduced their target price on Quotient from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised Quotient from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th.
The company has a debt-to-equity ratio of -5.17, a quick ratio of 0.86 and a current ratio of 1.36. The company has a market cap of $184.51, a price-to-earnings ratio of -1.41 and a beta of 1.40.
Several institutional investors have recently bought and sold shares of QTNT. New York State Common Retirement Fund purchased a new stake in Quotient during the 2nd quarter valued at approximately $101,000. Goldman Sachs Group Inc. purchased a new stake in Quotient during the 2nd quarter valued at approximately $104,000. Nationwide Fund Advisors purchased a new stake in Quotient during the 2nd quarter valued at approximately $111,000. The Manufacturers Life Insurance Company purchased a new stake in Quotient during the 2nd quarter valued at approximately $177,000. Finally, Rhumbline Advisers purchased a new stake in Quotient during the 2nd quarter valued at approximately $201,000. 47.43% of the stock is owned by institutional investors and hedge funds.
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Quotient Company Profile
Quotient Limited is a diagnostics company. The Company focuses on blood grouping and donor disease screening, which is referred to as transfusion diagnostics. It is engaged in developing, manufacturing and commercializing conventional reagent products used for blood grouping within the global transfusion diagnostics market.
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