Quanterix (QTRX) Projected to Post Quarterly Earnings on Thursday

Quanterix (NASDAQ:QTRX) will likely be releasing its earnings data before the market opens on Thursday, March 6th. Analysts expect Quanterix to post earnings of ($0.27) per share and revenue of $34.93 million for the quarter.

Quanterix (NASDAQ:QTRX) last posted its quarterly earnings data on Monday, December 23rd. The company reported ($0.22) earnings per share for the quarter. Quanterix had a negative return on equity of 11.74% and a negative net margin of 30.12%. On average, analysts expect Quanterix to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Quanterix Stock Up 1.5 %

QTRX opened at $8.01 on Thursday. Quanterix has a 12-month low of $7.41 and a 12-month high of $29.70. The firm has a market capitalization of $308.58 million, a P/E ratio of -7.56 and a beta of 1.33. The stock’s 50 day moving average price is $9.41 and its two-hundred day moving average price is $11.46.

Wall Street Analyst Weigh In

Separately, TD Cowen boosted their target price on shares of Quanterix from $13.50 to $16.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th.

About Quanterix

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.