The stock of Quotient Ltd (NASDAQ:QTNT) hit a new 52-week low and has $4.26 target or 14.00% below today’s $4.95 share price. The 7 months bearish chart indicates high risk for the $129.89M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $4.26 price target is reached, the company will be worth $18.18M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 2.70% or $0.13 during the last trading session, hitting $4.95. About 1.18 million shares traded hands or 1152.33% up from the average. Quotient Ltd (NASDAQ:QTNT) has declined 45.23% since March 31, 2016 and is downtrending. It has underperformed by 47.75% the S&P500.
Analysts await Quotient Ltd (NASDAQ:QTNT) to report earnings on November, 7. They expect $-0.64 earnings per share, down 156.00% or $0.39 from last year’s $-0.25 per share. After $-0.64 actual earnings per share reported by Quotient Ltd for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Quotient Ltd (NASDAQ:QTNT) Ratings Coverage
Out of 2 analysts covering Quotient (NASDAQ:QTNT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Quotient has been the topic of 3 analyst reports since August 11, 2015 according to StockzIntelligence Inc. As per Tuesday, August 11, the company rating was initiated by Jefferies. The stock of Quotient Ltd (NASDAQ:QTNT) earned “Hold” rating by Zacks on Friday, August 14. On Wednesday, November 4 the stock rating was maintained by UBS with “Buy”.
According to Zacks Investment Research, “Quotient Limited is a commercial-stage transfusion diagnostics company. It is focused on supplying blood-grouping consumables and developing MosaiQ, a fully automated platform for use in donor centers and patient-testing sites. Quotient Limited is headquartered in Edinburgh, Scotland and Newton, Pennsylvania.”
Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.39, from 1.5 in 2016Q1. The ratio dropped, as 3 funds sold all Quotient Ltd shares owned while 6 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 12.07 million shares or 0.06% less from 12.08 million shares in 2016Q1.
Moreover, Clearbridge Ltd has 0.14% invested in Quotient Ltd (NASDAQ:QTNT) for 906,994 shares. Millennium Ltd Co accumulated 50,539 shares or 0% of the stock. Cormorant Asset Management Lc has 1.69% invested in the company for 1.54 million shares. Perceptive Lc accumulated 1.21% or 2.25 million shares. Park West Asset Mngmt Lc holds 0.2% or 250,000 shares in its portfolio. Birchview Capital L P, a Vermont-based fund reported 58,200 shares. Geode Management Ltd Liability Com last reported 12,033 shares in the company. Ameriprise accumulated 0% or 599,640 shares. Colony Group Limited Liability Com accumulated 0.01% or 13,360 shares. Tower Rech Capital Limited Liability (Trc) has invested 0% of its portfolio in Quotient Ltd (NASDAQ:QTNT). Blackrock Invest Mngmt Limited Liability Corporation accumulated 0% or 86,418 shares. Blackrock Ltd last reported 265,958 shares in the company. Evercore Wealth Management has 1,500 shares for 0% of their US portfolio. The New York-based Morgan Stanley has invested 0% in Quotient Ltd (NASDAQ:QTNT). Thompson Davis And Co owns 250 shares or 0% of their US portfolio.
Insider Transactions: Since June 1, 2016, the stock had 5 insider purchases, and 3 sales for $3.09 million net activity. Another trade for 15,000 shares valued at $150,000 was made by Stackawitz Jeremy on Thursday, June 9. $990,000 worth of Quotient Ltd (NASDAQ:QTNT) was bought by SHROFF ZUBEEN. The insider Cowan Deidre bought $250,003. Galen Partners V LP bought 180,000 shares worth $990,000. On Wednesday, August 3 the insider WILKERSON L JOHN bought $990,000. The insider Unger Stephen sold $89,348. COWAN D J PAUL E bought 45,455 shares worth $250,003.
More recent Quotient Ltd (NASDAQ:QTNT) news were published by: Streetinsider.com which released: “Form 8-K Quotient Ltd For: Oct 28” on October 31, 2016. Also Quotes.Wsj.com published the news titled: “Quotient Ltd. QTNT (US: Nasdaq)” on April 12, 2014. Seekingalpha.com‘s news article titled: “Quotient Ltd.: Little Known Company With Near-Term Disruptive Technology” with publication date: October 11, 2015 was also an interesting one.
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