Quotient (QTNT) Upgraded at BidaskClub
BidaskClub upgraded shares of Quotient (NASDAQ:QTNT) from a sell rating to a hold rating in a report published on Tuesday morning.
Other research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Quotient from a hold rating to a buy rating in a report on Tuesday, August 28th. Zacks Investment Research raised shares of Quotient from a sell rating to a hold rating in a research note on Wednesday, October 10th.
NASDAQ QTNT opened at $6.48 on Tuesday. The stock has a market capitalization of $380.32 million, a PE ratio of -3.21 and a beta of 0.45. Quotient has a 12 month low of $2.78 and a 12 month high of $9.02.
A number of large investors have recently added to or reduced their stakes in QTNT. Perceptive Advisors LLC lifted its stake in Quotient by 35.6% in the third quarter. Perceptive Advisors LLC now owns 8,789,054 shares of the company’s stock worth $66,357,000 after acquiring an additional 2,306,034 shares during the period. Highbridge Capital Management LLC lifted its stake in Quotient by 2,558.7% in the third quarter. Highbridge Capital Management LLC now owns 2,036,337 shares of the company’s stock worth $15,375,000 after acquiring an additional 1,959,746 shares during the period. Millennium Management LLC purchased a new stake in Quotient in the second quarter worth about $3,699,000. Bellevue Group AG lifted its stake in Quotient by 125.7% in the third quarter. Bellevue Group AG now owns 721,858 shares of the company’s stock worth $5,450,000 after acquiring an additional 402,044 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Quotient in the second quarter worth about $3,179,000. 53.75% of the stock is owned by institutional investors.
Quotient Company Profile
Quotient Limited, a commercial-stage diagnostics company, develops, manufactures, and commercializes conventional reagent products used for blood grouping in the transfusion diagnostics market worldwide. The company is developing MosaiQ, a proprietary technology platform, which provides tests for blood grouping and serological disease screening.
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