Quotient (QTNT) Shares Down 6%

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Quotient Ltd (NASDAQ:QTNT) traded down 6% on Wednesday . The company traded as low as $8.00 and last traded at $8.36. 729,656 shares traded hands during trading, an increase of 111% from the average session volume of 346,283 shares. The stock had previously closed at $8.89.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Quotient from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st. Jefferies Financial Group raised their price target on shares of Quotient from $11.00 to $13.50 and gave the company a “buy” rating in a report on Tuesday, March 5th. ValuEngine raised shares of Quotient from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 2nd. Finally, Zacks Investment Research raised shares of Quotient from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $11.75.

The firm has a market cap of $573.57 million, a price-to-earnings ratio of -4.14 and a beta of 1.32. The company has a current ratio of 6.87, a quick ratio of 6.05 and a debt-to-equity ratio of 4.95.

Quotient (NASDAQ:QTNT) last released its quarterly earnings results on Thursday, January 31st. The company reported ($0.46) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.45) by ($0.01). The company had revenue of $6.72 million for the quarter, compared to analyst estimates of $6.20 million. Research analysts predict that Quotient Ltd will post -1.93 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of QTNT. Clearbridge Investments LLC boosted its stake in Quotient by 934,831.7% during the 3rd quarter. Clearbridge Investments LLC now owns 2,477,569 shares of the company’s stock valued at $18,706,000 after acquiring an additional 2,477,304 shares during the last quarter. Perceptive Advisors LLC boosted its stake in Quotient by 22.8% during the 4th quarter. Perceptive Advisors LLC now owns 10,789,054 shares of the company’s stock valued at $66,029,000 after acquiring an additional 2,000,000 shares during the last quarter. Highbridge Capital Management LLC boosted its stake in Quotient by 47.5% during the 4th quarter. Highbridge Capital Management LLC now owns 3,003,433 shares of the company’s stock valued at $18,382,000 after acquiring an additional 967,096 shares during the last quarter. Broadfin Capital LLC boosted its stake in Quotient by 111.0% during the 4th quarter. Broadfin Capital LLC now owns 1,697,582 shares of the company’s stock valued at $10,389,000 after acquiring an additional 892,882 shares during the last quarter. Finally, Park West Asset Management LLC boosted its stake in Quotient by 270.3% during the 4th quarter. Park West Asset Management LLC now owns 1,111,261 shares of the company’s stock valued at $6,800,000 after acquiring an additional 811,174 shares during the last quarter. Hedge funds and other institutional investors own 66.27% of the company’s stock.

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Quotient Company Profile (NASDAQ:QTNT)

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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