NanoString Technologies Inc (NSTG) Given Consensus Rating of “Hold” by Brokerages
NanoString Technologies Inc (NASDAQ:NSTG) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.00.
Several analysts have recently commented on the company. Zacks Investment Research upgraded NanoString Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Robert W. Baird cut their target price on NanoString Technologies from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Finally, ValuEngine downgraded NanoString Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd.
Shares of NanoString Technologies (NSTG) opened at $6.65 on Wednesday. NanoString Technologies has a twelve month low of $6.31 and a twelve month high of $20.70. The company has a current ratio of 3.35, a quick ratio of 2.89 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $169.56, a price-to-earnings ratio of -3.21 and a beta of 0.78.
NanoString Technologies Company Profile
NanoString Technologies, Inc develops, manufactures and sells intuitive products that unlock scientifically valuable and clinically actionable biologic information from minute amounts of tissue. The Company is engaged in the development, manufacture and commercialization of instruments, consumables and services for profiling the activity of hundreds of genes and proteins simultaneously from a single tissue sample.
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