ValuEngine Lowers NanoString Technologies (NSTG) to Strong Sell
ValuEngine downgraded shares of NanoString Technologies (NASDAQ:NSTG) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning.
Several other brokerages have also issued reports on NSTG. Robert W. Baird lowered their target price on NanoString Technologies from $23.00 to $19.00 and set an outperform rating on the stock in a research note on Thursday, October 12th. Janney Montgomery Scott lowered NanoString Technologies from a buy rating to a neutral rating in a research note on Thursday, October 12th. Cowen lowered NanoString Technologies from an outperform rating to a market perform rating in a research note on Thursday, October 12th. Finally, Zacks Investment Research lowered NanoString Technologies from a hold rating to a sell rating in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. NanoString Technologies presently has a consensus rating of Hold and a consensus price target of $15.06.
Shares of NanoString Technologies (NSTG) opened at $6.70 on Friday. 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 one year low of $6.54 and a one year high of $20.70.
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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