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Sunday, June 20, 2021

Will Quotient Limited (QTNT) Find a Support Level Soon?

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Quotient Limited (QTNT) shares are trading at higher $6.84.

To add more color to this target, the company’s high over the last year is $10.38 and the low is $2.39. Over the last 52 weeks, QTNT is down -20.19% while the S&P 500 is up 15.47%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, QTNT reported a profit of $11.57 million. Quotient Limited also saw revenues increase to $16.07 million. In addition, QTNT has free cash flow of -$32.7 million as of 09-2020. The company’s EBITDA came in at -$8.27 million which compares well with its peers.

QTNT Return on Assets is -39.10%. All told, it is clear that, QTNT needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. QTNT has a short ratio of 5.78 and outstanding shares of 83.95M.

Company Outlook

QTNT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.87 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.18. Quotient Limited QTNT also noted assets of $271.89 million at the end of the last quarter. Investors should also keep an eye on sector updates as QTNT has historically followed its peers on positive news.

All told, Quotient Limited QTNT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, QTNT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Quotient Limited QTNT is now commanding a market cap of 662.32M and a float of 75.68M. QTNT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of QTNT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in QTNT, either long or short, and we have not been compensated for this article.

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