NanoString Technologies (NASDAQ:NSTG) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Friday.
Several other brokerages also recently issued reports on NSTG. Robert W. Baird lowered their price objective on shares of NanoString Technologies from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, October 12th. Janney Montgomery Scott downgraded shares of NanoString Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. Cowen downgraded shares of NanoString Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research downgraded shares of NanoString Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $15.06.
Shares of NanoString Technologies (NASDAQ NSTG) traded down $0.29 during trading on Friday, reaching $6.95. 119,567 shares of the company’s stock traded hands, compared to its average volume of 152,029. NanoString Technologies has a 52 week low of $6.94 and a 52 week 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.
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About NanoString Technologies
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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