Olink Holding AB (publ) (NASDAQ:OLK) Sees Strong Trading Volume

Shares of Olink Holding AB (publ) (NASDAQ:OLK) saw unusually-high trading volume on Tuesday . Approximately 939,288 shares traded hands during mid-day trading, an increase of 58% from the previous session’s volume of 592,660 shares.The stock last traded at $25.62 and had previously closed at $25.55.

Wall Street Analyst Weigh In

OLK has been the topic of several recent research reports. Canaccord Genuity Group reiterated a “hold” rating and issued a $26.00 price objective on shares of Olink Holding AB (publ) in a research note on Tuesday, March 26th. Morgan Stanley restated an “equal weight” rating and set a $26.00 target price on shares of Olink Holding AB (publ) in a research note on Tuesday, March 26th.

Olink Holding AB (publ) Trading Up 0.1 %

The business’s fifty day simple moving average is $24.28 and its 200-day simple moving average is $24.13.

Olink Holding AB (publ) (NASDAQ:OLK) last announced its quarterly earnings data on Monday, May 13th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Olink Holding AB (publ) had a negative net margin of 19.72% and a negative return on equity of 7.07%. The company had revenue of $28.75 million for the quarter, compared to analysts’ expectations of $31.29 million. As a group, equities research analysts anticipate that Olink Holding AB will post -0.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OLK. Trexquant Investment LP grew its holdings in shares of Olink Holding AB (publ) by 23.0% in the third quarter. Trexquant Investment LP now owns 33,156 shares of the company’s stock valued at $489,000 after purchasing an additional 6,193 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Olink Holding AB (publ) in the fourth quarter valued at $692,000. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Olink Holding AB (publ) in the fourth quarter valued at $16,735,000. New York Life Investment Management LLC purchased a new position in shares of Olink Holding AB (publ) in the fourth quarter valued at $6,522,000. Finally, BCK Capital Management LP purchased a new position in Olink Holding AB (publ) during the fourth quarter worth $2,055,000. 30.19% of the stock is owned by hedge funds and other institutional investors.

Olink Holding AB (publ) Company Profile

Olink Holding AB (publ) develops, produces, markets, and sells biotechnological products and services for the academic, government, biopharmaceutical, biotechnology, service provider, and other institutions that focuses on life science research. The company's products include Olink Explore that consist of Explore 372 and Explore 384 for cardiovascular and metabolic, oncology, neurology, and inflammation diseases; Olink Target product line; Olink Flex, a low-plex applications and use-cases; and Olink Focus product line that consists of custom developed solutions for customers that has identified various proteins of interest or a protein signature to focus on.