Quotient Limited [QTNT] moved down -5.69: Why It’s Important

Quotient Limited [NASDAQ: QTNT] slipped around -0.28 points on Wednesday, while shares priced at $4.64 at the close of the session, down -5.69%. The company report on February 25, 2021 that Quotient Limited to Participate in the Cowen 41st Annual Healthcare Conference.

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Quotient Limited (NASDAQ:QTNT), a commercial-stage diagnostics company (the Company), announced that the Company will present at the Cowen 41st Annual Healthcare Conference on Monday, March 1, 2021 at 1:20pm ET.

A webcast of the presentation will be available online from the investor relations page of the Company’s corporate website at www.quotientbd.com. A webcast replay will be archived on the website for approximately 90 days.

Quotient Limited stock is now -10.94% down from its year-to-date (YTD) trading value. QTNT Stock saw the intraday high of $5.10 and lowest of $4.60 per share. The company’s 52-week high price is 10.38, which means current price is +0.87% above from all time high which was touched on 01/29/21.

Compared to the average trading volume of 989.59K shares, QTNT reached a trading volume of 1306631 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Quotient Limited [QTNT]?

BTIG Research have made an estimate for Quotient Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 31, 2017. While these analysts kept the previous recommendation, UBS raised their target price from $25 to $26. The new note on the price target was released on November 04, 2015, representing the official price target for Quotient Limited stock. Previously, the target price had yet another raise to $30, while Jefferies analysts kept a Buy rating on QTNT stock. On February 04, 2015, analysts increased their price target for QTNT shares from 17 to 25.

The Average True Range (ATR) for Quotient Limited is set at 0.37, with the Price to Sales ratio for QTNT stock in the period of the last 12 months amounting to 10.46. The Price to Book ratio for the last quarter was 58.00, with the Price to Cash per share for the same quarter was set at 1.41.

How has QTNT stock performed recently?

Quotient Limited [QTNT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.43. With this latest performance, QTNT shares dropped by -24.55% in over the last four-week period, additionally sinking by -17.88% over the last 6 months – not to mention a drop of -26.00% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QTNT stock in for the last two-week period is set at 33.88, with the RSI for the last a single of trading hit 29.81, and the three-weeks RSI is set at 37.04 for Quotient Limited [QTNT]. The present Moving Average for the last 50 days of trading for this stock 5.74, while it was recorded at 5.10 for the last single week of trading, and 6.30 for the last 200 days.

Quotient Limited [QTNT]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Quotient Limited [QTNT] shares currently have an operating margin of -253.22 and a Gross Margin at +45.49. Quotient Limited’s Net Margin is presently recorded at -314.71.

Return on Total Capital for QTNT is now -49.09, given the latest momentum, and Return on Invested Capital for the company is -61.77. Additionally, QTNT Total Debt to Total Capital is recorded at 102.87, with Total Debt to Total Assets ending up at 86.15.

Reflecting on the efficiency of the workforce at the company, Quotient Limited [QTNT] managed to generate an average of -$245,868 per employee. Receivables Turnover for the company is 7.46 with a Total Asset Turnover recorded at a value of 0.16.Quotient Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 3.30.

Earnings analysis for Quotient Limited [QTNT]

With the latest financial reports released by the company, Quotient Limited posted -0.31/share EPS, while the average EPS was predicted by analysts to be reported at -0.34/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for QTNT.

Insider trade positions for Quotient Limited [QTNT]

There are presently around $423 million, or 94.20% of QTNT stock, in the hands of institutional investors. The top three institutional holders of QTNT stocks are: PERCEPTIVE ADVISORS LLC with ownership of 16,200,818, which is approximately 0% of the company’s market cap and around 1.10% of the total institutional ownership; POLAR CAPITAL HOLDINGS PLC, holding 9,251,653 shares of the stock with an approximate value of $42.93 million in QTNT stocks shares; and POLAR CAPITAL LLP, currently with $42.93 million in QTNT stock with ownership of nearly 21.876% of the company’s market capitalization.

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Positions in Quotient Limited stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 62 institutional holders increased their position in Quotient Limited [NASDAQ:QTNT] by around 18,678,771 shares. Additionally, 53 investors decreased positions by around 7,618,969 shares, while 11 investors held positions by with 64,779,779 shares. The mentioned changes placed institutional holdings at 91,077,519 shares, according to the latest SEC report filing. QTNT stock had 12 new institutional investments in for a total of 10,803,191 shares, while 24 institutional investors sold positions of 4,081,165 shares during the same period.

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