Price Action Alert: What’s Next for Quotient Ltd After Touching All-Time Low?

Price Action Alert: What's Next for Quotient Ltd After Touching All Time Low?

The stock of Quotient Ltd (NASDAQ:QTNT) reached all time low today, Nov, 3 and still has $3.84 target or 12.00% below today’s $4.36 share price. This indicates more downside for the $117.62M company. This technical setup was reported by Barchart.com. If the $3.84 PT is reached, the company will be worth $14.11M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 11.92% or $0.59 on November 3, hitting $4.36. About 686,515 shares traded hands or 418.88% up from the average. Quotient Ltd (NASDAQ:QTNT) has declined 43.36% since April 1, 2016 and is downtrending. It has underperformed by 44.58% the S&P500.

Analysts await Quotient Ltd (NASDAQ:QTNT) to report earnings on November, 7. They expect $-0.64 EPS, down 156.00% or $0.39 from last year’s $-0.25 per share. After $-0.64 actual EPS 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. The stock of Quotient Ltd (NASDAQ:QTNT) earned “Hold” rating by Zacks on Friday, August 14. As per Wednesday, November 4, the company rating was maintained by UBS. Jefferies initiated Quotient Ltd (NASDAQ:QTNT) rating on Tuesday, August 11. Jefferies has “Buy” rating and $30 price target.

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.
Birchview Capital Limited Partnership has invested 0.33% of its portfolio in Quotient Ltd (NASDAQ:QTNT). Blackrock Group holds 265,958 shares or 0% of its portfolio. Ameriprise Finance holds 0% of its portfolio in Quotient Ltd (NASDAQ:QTNT) for 599,640 shares. Colony Gru Limited Liability Company last reported 0.01% of its portfolio in the stock. Tower Research Capital Ltd Liability Corp (Trc) holds 1,125 shares or 0% of its portfolio. Moreover, First New York Securities Ltd Liability Company Ny has 0% invested in Quotient Ltd (NASDAQ:QTNT) for 18,000 shares. Cormorant Asset Mgmt Ltd Liability Com owns 1.54 million shares or 1.69% of their US portfolio. Moreover, Park West Asset Management Ltd Liability Corporation has 0.2% invested in Quotient Ltd (NASDAQ:QTNT) for 250,000 shares. Visium Asset L P has invested 1.29% of its portfolio in Quotient Ltd (NASDAQ:QTNT). Morgan Stanley last reported 4,409 shares in the company. Royal Commercial Bank Of Canada has 2,000 shares for 0% of their US portfolio. Alyeska Invest Grp Inc Lp has invested 0.04% of its portfolio in Quotient Ltd (NASDAQ:QTNT). Millennium Ltd Liability has 50,539 shares for 0% of their US portfolio. Geode Capital Mngmt Ltd Liability Corporation has 0% invested in the company for 12,033 shares. Perceptive Advsr Ltd Liability has 2.25 million shares for 1.21% 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. Unger Stephen had sold 14,484 shares worth $144,695. On Wednesday, August 3 WILKERSON L JOHN bought $990,000 worth of the stock or 180,000 shares. 180,000 shares with value of $990,000 were bought by Galen Partners V LP on Wednesday, August 3. On Thursday, June 9 Stackawitz Jeremy sold $150,000 worth of the stock or 15,000 shares. Shares for $990,000 were bought by SHROFF ZUBEEN on Wednesday, August 3. Another trade for 45,455 shares valued at $250,003 was bought by COWAN D J PAUL E. Cowan Deidre bought $250,003 worth of Quotient Ltd (NASDAQ:QTNT) on Wednesday, August 3.

More important 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 article titled: “Quotient Ltd. QTNT (US: Nasdaq)”, Streetinsider.com published: “Form 4 Quotient Ltd For: Oct 31 Filed by: von Prondzynski Heino” on November 03, 2016. More interesting news about Quotient Ltd (NASDAQ:QTNT) was released by: Seekingalpha.com and their article: “Quotient Ltd.: Little Known Company With Near-Term Disruptive Technology” with publication date: October 11, 2015.

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