Skip to main content

Market Overview

Trader: Quotient's Public Offering Is 'Priced To Work,' Notes Stock could See Upside


Shares of Quotient Ltd (NASDAQ: QTNT) plunged more than 25 percent on Friday and hit a new 52-week low of $7.47 after the company announced the pricing of a public offering of 4.44 million shares at a price of $9.00 per share.

Shares of Quotient closed at $10.30 on Thursday.

Related Link: Quotient Prices ~4.44 Million Share Offering At $9.00/Share, Form 4

Quotient expects the offering to generate proceeds of $36.9 million and will use the money to fund the ongoing development and commercialization of MosaiQ and for working capital and general corporate purposes.

A trader who is familiar with Quotient's stock and business profile told Benzinga that the public offering is "priced to work," and the stock could see upside from its deflated levels.


Related Articles (QTNT)

View Comments and Join the Discussion!

Posted-In: MosaiQAnalyst Color Long Ideas News Short Ideas Offerings IPOs Trading Ideas

Latest Ratings

MCFEMorgan StanleyMaintains32.0
LRCXMorgan StanleyMaintains726.0
HALMorgan StanleyMaintains23.0
GPNMorgan StanleyMaintains209.0
FISVMorgan StanleyMaintains124.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at