News articles about NanoString Technologies (NASDAQ:NSTG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NanoString Technologies earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the biotechnology company an impact score of 47.0519776872432 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of NanoString Technologies stock traded up $0.26 on Wednesday, hitting $9.84. 44,172 shares of the company traded hands, compared to its average volume of 232,266. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.84 and a current ratio of 3.40. The stock has a market cap of $235.83, a P/E ratio of -5.34 and a beta of 0.75. NanoString Technologies has a 12-month low of $5.87 and a 12-month high of $19.30.
NanoString Technologies (NASDAQ:NSTG) last posted its quarterly earnings data on Wednesday, March 7th. The biotechnology company reported ($0.34) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.08. The firm had revenue of $35.20 million for the quarter, compared to analysts’ expectations of $31.57 million. NanoString Technologies had a negative net margin of 37.91% and a negative return on equity of 129.90%. The business’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.55) EPS. analysts predict that NanoString Technologies will post -2.79 earnings per share for the current year.
Several research analysts have commented on the stock. ValuEngine downgraded shares of NanoString Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $12.00 price target (down from $13.00) on shares of NanoString Technologies in a report on Thursday, March 8th. Finally, Zacks Investment Research raised shares of NanoString Technologies from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.06.
In related news, Director William Young acquired 30,000 shares of the stock in a transaction dated Tuesday, March 13th. The shares were purchased at an average price of $6.91 per share, for a total transaction of $207,300.00. Following the transaction, the director now owns 30,000 shares in the company, valued at approximately $207,300. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 24.40% of the company’s stock.
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NanoString Technologies Company Profile
NanoString Technologies, Inc provides life science tools for translational research and molecular diagnostic products worldwide. The company offers nCounter Analysis System, an automated, multi-application, digital detection, and counting system. It provides nCounter MAX and FLEX systems that include Prep Station, an automated liquid handling component that processes and prepares samples for data collection; and nCounter Digital Analyzer, which collects data from samples by taking images of the immobilized fluorescent reporters in the sample cartridge and processing the data into output files.
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