NanoString Technologies (NSTG) Getting Somewhat Positive News Coverage, Study Finds
News coverage about NanoString Technologies (NASDAQ:NSTG) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. NanoString Technologies earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the biotechnology company an impact score of 47.0070556674004 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of NanoString Technologies (NASDAQ NSTG) traded down $0.04 during mid-day trading on Friday, reaching $8.36. The company’s stock had a trading volume of 122,867 shares, compared to its average volume of 299,593. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.89 and a current ratio of 3.35. NanoString Technologies has a 12 month low of $7.32 and a 12 month high of $23.43.
NanoString Technologies (NASDAQ:NSTG) last announced its quarterly earnings data on Thursday, November 2nd. The biotechnology company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.11. The company had revenue of $27.02 million for the quarter, compared to analyst estimates of $26.27 million. NanoString Technologies had a negative return on equity of 174.55% and a negative net margin of 44.24%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.51) EPS. sell-side analysts expect that NanoString Technologies will post -1.77 EPS for the current year.
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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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