Quanterix (NASDAQ:QTRX - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.03), Zacks reports. Quanterix had a negative return on equity of 11.74% and a negative net margin of 30.12%. The business had revenue of $35.16 million during the quarter, compared to the consensus estimate of $34.93 million. Quanterix updated its FY 2025 guidance to EPS.
Quanterix Trading Up 1.9 %
NASDAQ:QTRX traded up $0.14 during midday trading on Friday, hitting $7.38. 242,902 shares of the company traded hands, compared to its average volume of 505,176. The firm's fifty day moving average is $8.23 and its 200-day moving average is $10.88. Quanterix has a 12-month low of $6.30 and a 12-month high of $26.18. The firm has a market capitalization of $284.31 million, a P/E ratio of -6.99 and a beta of 1.34.
Analyst Ratings Changes
Separately, Canaccord Genuity Group lowered their target price on Quanterix from $20.00 to $15.00 and set a "buy" rating for the company in a research report on Tuesday.
Read Our Latest Research Report on Quanterix
About Quanterix
(
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Quanterix Corporation, a life sciences company, engages in development and marketing of digital immunoassay platforms that advances precision health for life sciences research and diagnostics in North America, Europe, the Middle East, Africa, and the Asia Pacific regions. The company offers HD-X instrument, a protein detection platform; and SR-X instrument that enables researchers to apply Simoa detection in an expanded range of applications.
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