NanoString Technologies (NSTG) Earns Daily Media Sentiment Rating of 0.13
News headlines about NanoString Technologies (NASDAQ:NSTG) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NanoString Technologies earned a news impact score of 0.13 on Accern’s scale. Accern also assigned press coverage about the biotechnology company an impact score of 46.3492693064451 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
NSTG has been the topic of a number of research reports. Cowen reaffirmed a “buy” rating and issued a $20.00 price objective on shares of NanoString Technologies in a report on Thursday, September 28th. Janney Montgomery Scott lowered NanoString Technologies from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Robert W. Baird decreased their price objective on NanoString Technologies from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, October 12th. Finally, Zacks Investment Research lowered NanoString Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. NanoString Technologies presently has an average rating of “Hold” and a consensus target price of $15.06.
Shares of NanoString Technologies (NASDAQ:NSTG) traded up $0.17 during midday trading on Thursday, reaching $8.33. The company’s stock had a trading volume of 98,700 shares, compared to its average volume of 174,536. The company has a current ratio of 3.35, a quick ratio of 2.89 and a debt-to-equity ratio of 1.08. NanoString Technologies has a 52-week low of $7.03 and a 52-week high of $20.70. The firm has a market cap of $207.12, a price-to-earnings ratio of -4.02 and a beta of 0.82.
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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.
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