Quotient (QTNT) Trading 8.3% Higher

Quotient Ltd (NASDAQ:QTNT) traded up 8.3% on Wednesday . The company traded as high as $9.53 and last traded at $9.26. 684,700 shares changed hands during trading, an increase of 97% from the average session volume of 347,725 shares. The stock had previously closed at $8.55.

Several brokerages recently issued reports on QTNT. Zacks Investment Research raised Quotient from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. BidaskClub raised Quotient from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, ValuEngine lowered Quotient from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Quotient currently has a consensus rating of “Hold” and an average target price of $11.75.

The stock has a market cap of $594.38 million, a PE ratio of -4.52 and a beta of 1.25. The company has a debt-to-equity ratio of 4.95, a current ratio of 6.87 and a quick ratio of 6.05.

In related news, President Edward Farrell sold 22,500 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $8.67, for a total transaction of $195,075.00. Following the transaction, the president now directly owns 2,133 shares of the company’s stock, valued at approximately $18,493.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 17.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Lombard Odier Asset Management USA Corp lifted its position in shares of Quotient by 4.0% in the first quarter. Lombard Odier Asset Management USA Corp now owns 260,000 shares of the company’s stock valued at $2,343,000 after acquiring an additional 10,000 shares in the last quarter. Morgan Stanley lifted its position in shares of Quotient by 151.1% in the first quarter. Morgan Stanley now owns 1,772,678 shares of the company’s stock valued at $15,972,000 after acquiring an additional 1,066,682 shares in the last quarter. M&T Bank Corp lifted its position in shares of Quotient by 113.6% in the first quarter. M&T Bank Corp now owns 21,829 shares of the company’s stock valued at $197,000 after acquiring an additional 11,609 shares in the last quarter. SEI Investments Co purchased a new position in shares of Quotient in the first quarter valued at approximately $680,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Quotient in the first quarter valued at approximately $1,152,000. 66.32% of the stock is currently owned by institutional investors.

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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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