Shares of Quanterix Co. (NASDAQ:QTRX – Get Free Report) have earned a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $30.60.
Separately, Canaccord Genuity Group reduced their target price on Quanterix from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, April 29th.
Read Our Latest Stock Report on QTRX
Institutional Trading of Quanterix
Quanterix Stock Down 1.6 %
Shares of Quanterix stock opened at $12.52 on Friday. Quanterix has a 12 month low of $11.83 and a 12 month high of $29.70. The business has a fifty day simple moving average of $15.54 and a 200 day simple moving average of $20.97. The stock has a market cap of $479.14 million, a PE ratio of -13.04 and a beta of 1.39.
Quanterix (NASDAQ:QTRX – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.07. Quanterix had a negative return on equity of 10.39% and a negative net margin of 28.82%. The business had revenue of $32.07 million during the quarter, compared to analysts’ expectations of $31.72 million. Analysts expect that Quanterix will post -0.86 EPS for the current fiscal year.
About Quanterix
Quanterix Corporation, a life sciences company, engages in development and marketing of digital immunoassay platforms that advances precision health for life sciences research and diagnostics in North America, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers HD-X instrument, a protein detection platform; and SR-X instrument that enables researchers to apply Simoa detection in an expanded range of applications.
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