Olink Holding AB (publ) (NASDAQ:OLK) Sees Unusually-High Trading Volume

Olink Holding AB (publ) (NASDAQ:OLKGet Free Report) saw strong trading volume on Monday . Approximately 2,468,920 shares changed hands during mid-day trading, an increase of 303% from the previous session’s volume of 612,378 shares.The stock last traded at $25.98 and had previously closed at $25.76.

Analyst Upgrades and Downgrades

OLK has been the subject of several analyst reports. Canaccord Genuity Group reiterated a “hold” rating and issued a $26.00 price objective on shares of Olink Holding AB (publ) in a research report on Tuesday, March 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 price objective on shares of Olink Holding AB (publ) in a research report on Tuesday, March 26th.

Get Our Latest Stock Analysis on Olink Holding AB (publ)

Olink Holding AB (publ) Stock Performance

The firm has a 50-day moving average price of $24.51 and a 200 day moving average price of $24.12.

Olink Holding AB (publ) (NASDAQ:OLKGet Free Report) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Olink Holding AB (publ) had a negative net margin of 19.72% and a negative return on equity of 7.07%. The firm had revenue of $28.75 million during the quarter, compared to analyst estimates of $31.29 million. As a group, equities research analysts predict that Olink Holding AB will post -0.19 EPS for the current year.

Institutional Investors Weigh In On Olink Holding AB (publ)

Institutional investors have recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Olink Holding AB (publ) by 30.5% in the fourth quarter. Assetmark Inc. now owns 2,874 shares of the company’s stock valued at $72,000 after buying an additional 672 shares in the last quarter. Blackstone Inc. boosted its holdings in Olink Holding AB (publ) by 42.0% in the first quarter. Blackstone Inc. now owns 11,408 shares of the company’s stock valued at $268,000 after purchasing an additional 3,373 shares during the period. PenderFund Capital Management Ltd. purchased a new position in Olink Holding AB (publ) in the fourth quarter valued at $393,000. Ardent Capital Management Inc. purchased a new position in Olink Holding AB (publ) in the first quarter valued at $470,000. Finally, Alpine Global Management LLC purchased a new position in Olink Holding AB (publ) in the first quarter valued at $486,000. 30.19% of the stock is owned by institutional investors and hedge funds.

Olink Holding AB (publ) Company Profile

(Get Free Report)

Olink Holding AB (publ) develops, produces, markets, and sells biotechnological products and services for the academic, government, biopharmaceutical, biotechnology, service provider, and other institutions that focuses on life science research. The company's products include Olink Explore that consist of Explore 372 and Explore 384 for cardiovascular and metabolic, oncology, neurology, and inflammation diseases; Olink Target product line; Olink Flex, a low-plex applications and use-cases; and Olink Focus product line that consists of custom developed solutions for customers that has identified various proteins of interest or a protein signature to focus on.

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